Evercore Cuts Scorpio Tankers Target to $83, Cites Rising G&A Despite Strong Results
Evercore ISI reduced its 12-month price target for Scorpio Tankers to $83 from $86 while keeping an Outperform rating, pointing to higher projected general and administrative expenses that offset stronger-than-expected spot rates and solid fourth-quarter results. Scorpio reported adjusted Q4 2025 EPS of $1.70, delivered strong profitability and con…