Market Overview

UPDATE: Stifel Nicolaus Initiates Aegean Marine Petroleum Network at Buy on Significant Upside Potential

Related ANW
18 Biggest Mid-Day Gainers For Wednesday
Mid-Afternoon Market Update: A Schulman Drops On Lowered Guidance; Macy's Shares Spike Higher
Arnold Schneider Is Buying These 9 Stocks (GuruFocus)

In a report published Thursday, Stifel Nicolaus analyst Benjamin Nolan initiated coverage on Aegean Marine Petroleum Network (NYSE: ANW) with a Buy rating and $14.00 price target.

In the report, Stifel Nicolaus noted, “We are initiating coverage on Aegean Marine Petroleum Network Inc. (ANW) with a Buy rating and a $14 target price, which is based on the shares trading at 14.7x our 2014E EPS of $0.95. We believe the shares have significant upside potential from current levels, based on our belief that the company is likely to continue to see improved earnings through its efforts to improve efficiencies and margins as well as expansion of land-based fuel storage facilities.”

Aegean Marine Petroleum Network closed on Wednesday at $8.44.

Latest Ratings for ANW

Jan 2015StifelMaintainsBuy
Dec 2014StifelMaintainsBuy
Sep 2014Clarksons PlatouInitiates Coverage onBuy

View More Analyst Ratings for ANW
View the Latest Analyst Ratings

Posted-In: Benjamin Nolan Stifel NicolausAnalyst Color Initiation Analyst Ratings


Related Articles (ANW)

View Comments and Join the Discussion!