BofA lowered the firm’s price target on Scorpio Tankers (STNG) to $71 from $73 and keeps a Neutral rating on the shares. Led by softer market product tanker rates and slightly higher vessel operating expenses, the firm lowered its Q3, 2024, and 2025 EPS estimates for Scorpio Tankers by 32%, 7%, and 6%, respectively.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STNG: