Swedbank Downgrades Scorpio Tankers To Neutral

Analysts at Swedbank downgraded Scorpio Tankers

from Buy to Neutral. The target price for Scorpio Tankers has been lowered from $12.50 to $9. Scorpio Tankers shares have declined 9.04% over the past 52 weeks, while the S&P 500 index has gained 17.13% in the same period. Scorpio Tankers' shares fell 0.11% to close at $8.95 yesterday.