Deutsche Bank has slashed its estimates for Euronav and Scorpio Tankers on the back of the weaker freight rate environment.
“We have become increasingly cautious on the prospects for tanker equities heading into the second quarter results season,” says analyst Amit Mehrotra.
“Most at risk of misses, in our view, are Euronav and Scorpio Tankers, while Ardmore Shipping appears best positioned heading into the print relative to expectations.
“We
