Scorpio Tankers cut to Sell equivalent at BofA, moving off peak cash generation (STNG:NYSE)

Scorpio Tankers (STNG) down 2.1% in Tuesday’s trading as Bank of America double-downgrades shares to Underperform from Buy with a $78 price target, lowered from $100, saying product tanker rates remain historically strong but are now in a post-peak pullback.