Scorpio Tankers shares are trading lower after Stifel downgraded the stock from Buy to Hold and lowered its price target from $90 to $65.
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers shares fell after Stifel downgraded the stock from Buy to Hold and reduced its price target from $90 to $65.
October 23, 2024 | 7:33 pm
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NEGATIVE IMPACT
Scorpio Tankers experienced a share price decline following Stifel's downgrade from Buy to Hold and a price target reduction from $90 to $65.
The downgrade by Stifel from Buy to Hold and the significant reduction in the price target from $90 to $65 is likely to negatively impact investor sentiment and lead to a short-term decline in Scorpio Tankers' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100