Analystsled by Nicolay Dyvik have dropped Scorpio from buy to sell and removed it fromits top picks list after the products sector became the first to be downgradedby the bank.
Dyvik andcolleagues Oyvind Berle and Petter Haugen explain the revision to its productsview comes following expanding fleet growth, disappointing demand growth andrefineries eating into shipping profits by changing their output configuration.
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