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Stock impact report

Why Teekay Tankers Stock Popped 10% Today [The Motley Fool]

Teekay Tankers Ltd. (TNK) 
Last teekay tankers ltd. earnings: 2/27 02:00 am Check Earnings Report
US:NYSE Investor Relations: teekay.com/investors/teekay-tankers-ltd
Company Research Source: The Motley Fool
Wells Fargo gives a T-U (thumbs-up) to T-K. Rich Smith ( TMFDitty ) Jun 18, 2018 at 7:00PM What happened Shares of oil shipper Teekay Tankers ( NYSE:TNK ) got the thumbs-up from analysts at Wells Fargo this morning, sparking a rally that sent Teekay stock up 9.9% by close of trading -- and had the shares up nearly 12% earlier in the day. So what Calling Teekay uniquely positioned to benefit from an expected increase in oil production by OPEC countries this month, Wells Fargo upgraded Teekay stock to outperform and assigned the stock a new $2 price target, as explained in a note on TheFly.com today. If Wells is right about that, it would imply a near doubling in Teekay's stock price, which currently sits closer to $1 than $2. Additionally, Wells argued that new regulations for the reduction of sulphur content in maritime diesel fuel, Show less Read more
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