Scorpio Tankers price target raised to $80 from $77 at Evercore ISI

Evercore ISI analyst Jonathan Chappell raised the firm’s price target on Scorpio Tankers (STNG) to $80 from $77 and keeps an Outperform rating on the shares. Scorpio’s “impressive strides with its balance sheet and asset monetization strategy” is positioning the company as “a solid investment through tanker cycles,” the analyst tells investors.