Scorpio Tankers leads seven ocean transportation stocks with new buy ratings at Jefferies
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Jefferies initiated bullish coverage on seven marine transportation stocks, including Buy ratings for Scorpio Tankers (STNG) and International Seaways (INSW), driven by rising energy prices amid geopolitical tensions. The analyst highlighted strong tanker fundamentals and a favorable supply-demand outlook, favoring INSW for its balanced exposure and STNG for its fleet and financial health. Other stocks rated include Navios Maritime Partners (NMM) and Star Bulk Carriers (SBLK). Dorian LPG and Global Ship Lease were also rated Buy, while Capital Clean Energy Carriers was rated Hold due to a weak LNG market.
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