Scorpio Tankers cut to Sell equivalent at BofA, moving off peak cash generation
Seeking Alpha ·
Scorpio Tankers ( STNG ) down 2.1% in Tuesday's trading as Bank of America double-downgrades shares to Underperform from Buy with a $78 price target, lowered from $100, saying product tanker rates remain historically strong but are now in a post-peak pullback.
DYAX Investor Sentiment
Bullish (Long) 40% · Bearish (Short) 60%
440 participants
Related News
- Linkage Global reports 1H results
- Nike in charts: Footwear revenue declines 1.1% Y/Y
- Arbor Realty stock sinks after $300M convertible senior notes announcement
- Communication services sector declines in Q2; Charter Communications leads losses
- Michael Burry says he shorted Caterpillar for first time
- Etched Raises $800 Million as AI Chip Race Intensifies