Market Overview

UPDATE: DNB Markets Reiterates Buy Rating, Raises PT on Scorpio Tankers

Related STNG
Think The Market Is Overvalued? These 7 Stocks Beg To Differ
Deutsche Advises Buying Scorpio Tankers On Weakness
Energy Resilient, Gold Shines In Q2 (Seeking Alpha)

In a report published Wednesday, DNB Markets reiterated its Buy rating on Scorpio Tankers (NYSE: STNG), and slightly raised its price target from $7.30 to $7.50.

DNB Markets noted, “Scorpio Tankers is, in our view, the only way to get exposure to a pure-play recovery in product tankers backed by a solid balance sheet, c70% of the fleet with modern design, and c70% of the owned fleet in the MR segment where asset values have risen 9% in two weeks.”

Scorpio Tankers closed on Tuesday at $6.60.

Latest Ratings for STNG

Jul 2016ABN AmroUpgradesSellHold
Feb 2016Credit SuisseMaintainsOutperform
Feb 2016Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for STNG
View the Latest Analyst Ratings

Posted-In: DNB MarketsAnalyst Color Price Target Analyst Ratings


Related Articles (STNG)

View Comments and Join the Discussion!