Analysts reacted positively to a decision by Emanuele Lauro’s Scorpio group to stop receiving sale-and-purchase commissions from its two public companies.
The move will widen the potential investor base for New York-listed Scorpio Tankers and will help sentiment for it and sister company Scorpio Bulkers, Evercore ISI analyst Jonathan Chappell said Thursday.
“Although these changes have no impact on our estimates for either company, we believe they are very important to the sentiment on these stocks and the way they are viewed on a relative basis in the investment community,” he said in a note to clients.
As
