JP Morgan Maintains Overweight on Scorpio Tankers, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samuel Bland has maintained an Overweight rating on Scorpio Tankers (NYSE:STNG) but lowered the price target from $95 to $82.

July 14, 2023 | 4:56 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan has maintained an Overweight rating on Scorpio Tankers but lowered the price target from $95 to $82.
The news is directly about Scorpio Tankers. The Overweight rating indicates that JP Morgan expects the stock to outperform the market, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the stock might not rise as much as previously expected. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100