Deutsche Bank (DB) is forecasting a strong stock performance for Scorpio Bulkers (SALT) as bulker markets improve.
Analyst Amit Mehrotra has raised his price target to $10, against $7.75 in after-hours trading. The previous target was $7.25.
He sees at least a 30% upside after a 50%-plus gain so far this year, compared to 15%-plus for the overall market.
DB projects EBITDA of $87m in 2018, against a consensus of $68m, and $107m in 2019, compared to the consensus view of $93m.
