BofA raised the firm’s price target on Scorpio Tankers (STNG) to $72 from $70 and keeps an Underperform rating on the shares. Based on a rate surge, the firm raised its Q1, Q2 and FY26 EPS estimates by 6%, 9% and 5%, respectively.
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Read More on STNG:
- Scorpio Tankers to Sell Two MR Product Tankers for $70 Million in Fleet Renewal Push
- Scorpio Tankers to sell two MR product tankers for $35M each
- Scorpio Tankers Boosts Liquidity and Reports Strong Q1–Q2 2026 TCE Rates
- Scorpio Tankers Files 2025 Form 20-F and Highlights Ongoing Fleet Renewal
- Scorpio Tankers downgraded to Hold from Buy at DNB Carnegie
