FBR Capita Upgrades Frontline Ltd. (FRO) to Market Perform
FRO Hot Sheet
Rating Summary:2 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
FBR Capita upgrades Frontline Ltd. (NYSE: FRO) from Underperform to Market Perform and raises their price target from $14 to $23.
The firm commented, The company has alleviated near-term financing pressures and executed strong commercial management to earn above-average day rates. However, high cash break-even levels remain a concern, contributing to our Market Perform rating.
Frontline Ltd., through its subsidiaries, engages in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers.
The firm commented, The company has alleviated near-term financing pressures and executed strong commercial management to earn above-average day rates. However, high cash break-even levels remain a concern, contributing to our Market Perform rating.
Frontline Ltd., through its subsidiaries, engages in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers.
You May Also Be Interested In
- FRO - Notification of Date of Release Q1 2012 Results
- BMO Capital Upgrades Bunge (BG) to Outperform
- UBS Maintains a 'Buy' on Express Inc. (EXPR); A Misstep, But Still A Consistent Performer
Create E-mail Alert Related Categories
UpgradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
