Evercore ISI raised the firm’s price target on Scorpio Tankers (STNG) to $96 from $93 and keeps an Outperform rating on the shares. Q1 adjusted EPS of $3.02 came in slightly ahead of the firm’s $3.00 forecast and “well above” the average Street estimate of $2.77 as upside came from a strong uplift in Q1 spot rates, the analyst tells investors. The firm is raising 2026 and 2027 EPS estimates following the report.
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