Dahlman Rose Upgrades Frontline Ltd. (FRO) to 'Hold' Following Successful Restructuring
FRO Hot Sheet
Rating Summary:2 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Dahlman Rose upgraded Frontline Ltd. (NYSE: FRO) to Hold.
Dahlman analyst said, "We are upgrading Frontline to Hold from Sell after the successful completion of its restructuring. We believe the company is much-better positioned to navigate through a tanker market we forecast to be weak for at least the next 12 months."
For an analyst ratings summary and ratings history on Frontline Ltd. click here. For more ratings news on Frontline Ltd. click here.
Shares of Frontline Ltd. closed at $4.51 yesterday, with a 52 week range of $2.52-$27.76.
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Dahlman analyst said, "We are upgrading Frontline to Hold from Sell after the successful completion of its restructuring. We believe the company is much-better positioned to navigate through a tanker market we forecast to be weak for at least the next 12 months."
For an analyst ratings summary and ratings history on Frontline Ltd. click here. For more ratings news on Frontline Ltd. click here.
Shares of Frontline Ltd. closed at $4.51 yesterday, with a 52 week range of $2.52-$27.76.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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