Scorpio Tankers Reaches Analyst Target Price
October 15, 2019 at 08:13 AM EDT
In recent trading, shares of Scorpio Tankers Inc (STNG) have crossed above the average analyst 12-month target price of $36.00, changing hands for $36.02/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..