B of A Securities Maintains Neutral on Scorpio Tankers, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Scorpio Tankers (NYSE:STNG) but has lowered the price target from $73 to $71.
October 22, 2024 | 5:50 pm
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NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Scorpio Tankers but lowered the price target from $73 to $71, indicating a slightly less optimistic outlook.
The lowering of the price target by B of A Securities suggests a slightly less optimistic view on Scorpio Tankers' future performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100