BW LPG shares fell after Pareto Securities downgraded the stock to hold from buy.
“BW LPG offers a rock-solid balance sheet and healthy yield – but is no longer at a discount to peers – having outperformed dramatically YTD. It’s time for a pause,” Eirik Haavaldsen, head of research, said in a note.
The target price was cut to NOK 185 ($17.3)
