Scorpio Tankers shares are trading higher after Deutsche Bank upgraded the stock from Hold to Buy and announced a $55 price target.
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers' shares are trading higher following an upgrade from Deutsche Bank, which changed its rating from 'Hold' to 'Buy' and set a price target of $55.
June 30, 2023 | 4:23 pm
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POSITIVE IMPACT
Scorpio Tankers' stock is expected to rise in the short term due to Deutsche Bank's upgrade from 'Hold' to 'Buy' and a new price target of $55.
The upgrade from Deutsche Bank is a strong positive signal for Scorpio Tankers. The new 'Buy' rating and the $55 price target suggest that Deutsche Bank sees significant upside potential in the stock, which is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100