New York-listed Scorpio Tankers is having quite a year, both in the surging market for clean product cargoes and in the stock market, where its shares have soared a sector-leading 270%.
How good has it been? So good that even the analysts at Deutsche Bank have noticed.
A milestone in shipping equity markets came earlier this month when Deutsche Bank upgraded Scorpio to a “hold” and a $38 price target, from a previous “sell” designation and a target of $10.50.
