Jonathan Chappell boosted his 12-month target by $1 to $11, suggesting a future rise of 24% on today’s latest share price on the New York Stock Exchange.
As TradeWinds reported earlier today, Emanuele Lauro and Robert Bugbee-led Scorpio purchased two long-range-two (LR2) products tankers as resales from Flagship Marine Ventures. It is paying $60m for the ships, which are on order at DSME.
“Although
