Market Overview

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

Share:
Related STNG
Benzinga's Top Initiations
JP Morgan Upgrades DHT Holdings, Scorpio Tankers: 'Tanker Cycle Has Legs'
4 Stocks Set to Crush Their 52-Week Highs Soon - Analyst Blog (Zacks)

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

DateFirmActionFromTo
Jul 2015Bank of AmericaInitiates Coverage onBuy
Jul 2015JP MorganUpgradesNeutralOverweight
May 2015JP MorganInitiates Coverage onNeutral

View More Analyst Ratings for STNG
View the Latest Analyst Ratings

Posted-In: DNB MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (STNG)

Get Benzinga's Newsletters