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Stock impact report

Bank of America Downgrades Scorpio Tankers (STNG) as Freight Rates Near Peak Levels [Yahoo! Finance]

Scorpio Tankers Inc. Common Shares (STNG) 
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am Check Earnings Report
Company Research Source: Yahoo! Finance
On January 9, Bank of America downgraded Scorpio Tankers Inc. (NYSE:STNG) to Underperform from Buy and set a $53 price target. The firm said Scorpio has been locking in more time-charter agreements, which is often a sign management believes spot market rates are near a peak. BofA also pointed to the possibility of a Russia-Ukraine peace agreement in the year ahead, arguing that it could shift market dynamics and take pressure off tanker rates. With those factors in mind, the analyst said earnings look closer to peak levels and expects freight rates could trend lower from here. In other news, on January 13, Scorpio shared an update on its liquidity, debt position, and upcoming newbuilding commitments. The company said it had $783.9 million available under its revolving credit facilities as of January 9, 2026. Scorpio has also been active on the portfolio and asset side. Since October 28, 2025, the company sold its remaining 3,551,794 shares in DHT Holdings at an average price of $ Show less Read more
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