Stifel Downgrades Scorpio Tankers to Hold, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan has downgraded Scorpio Tankers (NYSE:STNG) from Buy to Hold and reduced the price target from $90 to $65.
October 23, 2024 | 11:52 am
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Stifel analyst Benjamin Nolan downgraded Scorpio Tankers from Buy to Hold, reducing the price target from $90 to $65, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the significant reduction in the price target from $90 to $65 suggest a less favorable view of Scorpio Tankers' future performance, likely leading to a negative short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100