UPDATE: Jefferies Initiates Coverage on Ardmore Shipping on Attractive Energy Production Play
August 26, 2013 at 11:42 AM EDT
In a report published Monday, Jefferies analyst Douglas J. Mavrinac initiated coverage on Ardmore Shipping Corporation (NYSE: ASC ) with a Buy rating and $20.00 price target. In the report, Jefferies noted, “We are initiating on ASC shares with a Buy rating and $20 PT based on the attractiveness of