Pareto Securities has upgraded stock in DHT Holdings following a winter pickup in the VLCC market.
Analysts Eirik Haavaldsen and Wilhelm Flinder have raised the company from hold to buy, just a couple of months after downgrading the stock.
“With near 100% VLCC-exposure the recent tanker strength is particularly encouraging for DHT, who has used the downturn to streamline its fleet and strengthen the balance sheet,” the analysts said.
