Deutsche Bank analyst Amit Mehrotra lowered the firm’s price target on Scorpio Tankers to $55 from $65 and keeps a Hold rating on the shares. The analyst cites macroeconomic uncertainty for the target drop following the Q1 beat.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on STNG:
- 3 Best Stocks to Buy Now, 5/3/2023, According to Top Analysts
- Scorpio Tankers reports Q1 adjusted EPS $3.31, consensus $3.22
- Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2023 and an Increase to its Quarterly Dividend
- Scorpio Tankers (STNG) Q1 Earnings Cheat Sheet
- Scorpio Tankers price target raised to $77 from $68 at Stifel