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Morgan Stanley Reiterates Equal-Weight, Raises PT On Scorpio Tankers On Profitable 4Q14 Results

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In a report published Wednesday, Morgan Stanley analyst Fotis Giannakoulis reiterated an Equal-Weight rating on Scorpio Tankers Inc. (NYSE: STNG), and raised the price target from $9.00 to $9.50.

In the report, Morgan Stanley noted, "STNG reported profitable 4Q14 results, slightly below consensus estimates. Product tanker rates have rallied recently as low oil prices and strong global refinery margins increase trading activity. Raising PT to $9.50."

Scorpio Tankers closed on Tuesday at $9.05.

Latest Ratings for STNG

DateFirmActionFromTo
Oct 2019DowngradesBuyHold
Aug 2019MaintainsBuy
May 2019UpgradesNeutralOverweight

View More Analyst Ratings for STNG
View the Latest Analyst Ratings

Posted-In: Fotis Giannakoulis Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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