Deutsche Bank Upgrades Scorpio Tankers to Buy, Announces $55 Price Target
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Amit Mehrotra has upgraded Scorpio Tankers (NYSE:STNG) from Hold to Buy and set a price target of $55.
June 30, 2023 | 8:40 am
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Scorpio Tankers has been upgraded to Buy from Hold by Deutsche Bank with a price target of $55.
The upgrade from Deutsche Bank is a positive signal for Scorpio Tankers. The new Buy rating indicates that the bank sees potential upside in the stock, which could drive its price higher in the short term. The price target of $55 also suggests a significant upside from the current levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100