Scorpio Tankers (NYSE:STNG) Price Target Raised to $85.00 at BTIG Research

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BTIG Research has increased its price target for Scorpio Tankers (NYSE:STNG) to $85.00 from $80.00, maintaining a “buy” rating and suggesting a 24.26% upside. This follows the company’s Q4 earnings beat, reporting $1.62 EPS against an estimated $1.30, with revenue up 23.8% year-over-year. Despite mixed analyst sentiment and a consensus “Hold” rating, several institutional investors have recently increased their holdings in the shipping company.

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