Scorpio Tankers (STNG) Tops Q2 EPS by 71c

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Scorpio Tankers (STNG) PT Raised to $50 at Jefferies on Record Earnings

July 29, 2022 8:01 AM EDT

Jefferies analyst Omar Nokta raised the price target on Scorpio Tankers (NYSE: STNG) to $50.00 (from $47.00) while maintaining a Buy rating following record earnings.

The analyst commented, "Scorpio reported record earnings, which comes as no surprise given the strength of the
product carrier market... More