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Fly News Breaks for July 29, 2016
STNG
Jul 29, 2016 | 07:05 EDT
Deutsche Bank analyst Amit Mehrotra calls the Scorpio Tankers earnings call one of the most bullish he's heard in over a year. In a post-earnings research report titled "Release the bulls!," the analyst says Scorpio management "communicated significant confidence in product tanker fundamentals" and reaffirmed confidence in its dividend. The analyst sees shares hitting his $9 price target and he keeps a Buy rating on the name.
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