Dahlman Rose Upgrades Frontline Ltd. (FRO) to Buy; Successful Restructuring

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Dahlman Rose upgraded Frontline Ltd. (NYSE: FRO) from Hold to Buy. PT $9.50.

Dahlman analyst said, "We are upgrading shares of Frontline based on the company's exposure to the VLCC and Suezmax spot market. Following its successful restructuring, the company retains significant spot market exposure, and has resolved the balance sheet issues which served as an overhang over the shares."

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 $7.02 yesterday, with a 52 week range of $2.52-$25.09.

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