Scorpio Tankers price target raised to $55 from $52 at Deutsche Bank

Deutsche Bank analyst Chris Robertson raised the firm’s price target on Scorpio Tankers to $55 from $52 and keeps a Hold rating on the shares ahead of the Q4 results. Tanker spot rates and share prices have seen increased volatility over the past weeks as the market continues to adapt to the official implementation of E.U. sanctions on Russian crude oil, normal winter seasonality, and the pending implementation of E.U. sanctions on Russian refined oil products, Robertson tells investors in a research note.