Scorpio Tankers price target raised to $70 from $65 at Jefferies

Jefferies raised the firm’s price target on Scorpio Tankers (STNG) to $70 from $65 and keeps a Buy rating on the shares. The firm, which notes it previously in June had highlighted Scorpio as one of its favorite picks for the second half of 2025, is now “more convinced that the shares have plenty of room to run,” the analyst tells investors, adding that product tanker rates are trending higher and Scorpio is “a prime beneficiary.”