BofA raised the firm’s price target on Scorpio Tankers (STNG) to $47 from $42 and keeps a Neutral rating on the shares. The firm reduced estimates for the company citing softer product tanker rates and a decrease in net revenue days. The higher target reflects a follow forward to 2026 estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STNG: