Teekay Tankers price target raised to $90 from $84 at Evercore ISI

Evercore ISI raised the firm’s price target on Teekay Tankers (TNK) to $90 from $84 and keeps an Outperform rating on the shares. The Iran War and Strait of Hormuz closing are “unprecedented and there is no line of sight on a final outcome and timing,” the analyst tells investors in a research note. Evercore says this brings “more headline noise and volatility” for the tanker group.