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Fly News Breaks for July 13, 2016
STNG
Jul 13, 2016 | 10:14 EDT
Stifel analyst Benjamin Nolan said that during a meeting with Scorpio Tankers management, the company explained that while day rates have softened, the market is "substantially better" than rates reflected in freight broker reports. Additionally, management expressed that they remain committed to both deleveraging and maintaining the dividend at current levels, said Nolan, who reiterates a Buy rating and $10 price target on Scorpio Tankers shares.
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