B of A Securities Downgrades Scorpio Tankers to Neutral, Lowers Price Target to $45
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Ken Hoexter has downgraded Scorpio Tankers (NYSE:STNG) from Buy to Neutral and lowered the price target from $60 to $45.
July 21, 2023 | 9:48 am
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Scorpio Tankers has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target from $60 to $45.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Scorpio Tankers. The lowered price target from $60 to $45 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100