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Fly News Breaks for November 8, 2019
STNG
Nov 8, 2019 | 09:12 EDT
Deutsche Bank analyst Amit Mehrotra views the post-earnings selloff yesterday in shares of Scorpio Tankers as a buying opportunity. The results were a bit better than consensus expectations from an EBITDA perspective, but it appears market participants are less excited about the company's Q4 bookings, which came in at $19,150 per day for about 45% of available days, Mehrotra tells investors in a research note. The analyst says "these levels are still very healthy" and keeps a Buy rating on Scorpio Tankers.
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