Scorpio Tankers (STNG) Misses Q3 EPS by 1c

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Deutsche Bank Downgrades Scorpio Tankers (STNG) to Hold

November 15, 2016 7:05 AM EST

Deutsche Bank downgraded Scorpio Tankers (NYSE: STNG) from Buy to Hold with a price target of $4.00 (from $9.00).

Analyst Amit Mehrotra said, "The revisions reflect an over 10% decline in asset values over the last six months and further deterioration in operating cash... More