Scorpio Tankers surges to YTD high as BofA upgrades to Buy (STNG:NYSE)


Aerial View of Crude Oil Tanker and Storage Tanks

rgaydos/E+ via Getty Images

Scorpio Tankers (NYSE:STNG) +11% in Monday’s trading to its highest since November 2024 after Bank Of America upgraded the tanker shipping company to Buy from Neutral with a $60 price target, raised from $49, pointing to anticipated accelerating cash generation “as increasing product



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