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Scorpio Tankers price target lowered to $71 from $73 at BofA
The Fly

Scorpio Tankers price target lowered to $71 from $73 at BofA

BofA lowered the firm’s price target on Scorpio Tankers (STNG) to $71 from $73 and keeps a Neutral rating on the shares. Led by softer market product tanker rates and slightly higher vessel operating expenses, the firm lowered its Q3, 2024, and 2025 EPS estimates for Scorpio Tankers by 32%, 7%, and 6%, respectively.

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