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Fly News Breaks for November 15, 2016
STNG
Nov 15, 2016 | 05:44 EDT
Deutsche Bank analyst Amit Mehrotra downgraded Scorpio Tankers to Hold citing the 10% decline in asset values over the last six months and further deterioration in operating cash flows. The analyst sees increased potential for a dividend cut over the next several months and lowered his price target for the shares to $4 from $9.
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