DHT (DHT) Rating Increased to Hold at Zacks Investment Research

DHT (NYSE:DHT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

According to Zacks, “DHT MARITIME INC., formerly Double Hull Tankers, Inc. operates a fleet of double-hull crude oil tankers on international routes. DHT’s modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and also position the Company to use its incremental cash flow to fund future growth opportunities. “

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised DHT from a “neutral” rating to an “overweight” rating and set a $7.00 price objective for the company in a research report on Friday, October 19th. ValuEngine cut DHT from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th. Wells Fargo & Co cut DHT from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th. TheStreet raised DHT from a “d+” rating to a “c” rating in a research report on Thursday, November 1st. Finally, Pareto Securities raised DHT from a “hold” rating to a “buy” rating in a research report on Thursday, October 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. DHT currently has an average rating of “Buy” and an average price targ....

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