UPDATE: Dahlman Rose Upgrades ANW to Buy

According to Dahlman Rose, Aegean Marine Petroleum Network

is upgraded to Buy. Dahlman Rose said that it is upgrading ANW to Buy from Hold following its 3Q11 results, which showed a continued improvement in overall operations. “ANW generated EBITDA of $21.3MM, higher than the previous four-quarter average of $13.9MM and the highest since the first half of 2010.” Aegean Marine Petroleum Network closed yesterday at $5.23.