Scorpio Tankers (STNG) Misses Q3 EPS by 1c, Revenues Miss

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Scorpio Tankers (STNG) PT Lowered to $3 at Deutsche Bank But Notes 'Signs of Life'

October 31, 2018 12:08 PM EDT

Deutsche Bank analyst Amit Mehrotra lowered the price target on Scorpio Tankers (NYSE: STNG) to $3.00 (from $4.00) while maintaining a Buy rating.

While cutting the target, Mehrotra notes that after a very difficult 2018, product tanker markets have begun to show signs of life.... More