Jefferies initiated coverage of Scorpio Tankers (STNG) with a Buy rating and $90 price target The firm launched coverage of the marine transportation industry, saying geopolitics and fleet constraints “remain an ongoing theme.” Jefferies is bullish on the 2026 outlook for tankers. It expects a “decent year” for liquefied petroleum gas and is “increasingly optimistic” on dry bulk. Jefferies is neutral on liquefied natural gas and cautious on containers.
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