Clarksons Securities is tipping DHT Holdings for a big 2024.
Despite third-quarter results that failed to thrill investors, analyst Frode Morkedal raised the VLCC specialist’s target price to $14, driven by the expectation of a sustained rise in the tanker market in the coming year, coupled with the company’s policy of distributing all profits to shareholders.
“Despite a positive market outlook, investor caution persists, influenced by past market cycles’ fleeting highs,” Morkedal said.
