Goldman Sachs Upgrades Frontline Ltd. (FRO) to Neutral

Article Stock Quotes (1) Comments (0)

Goldman Sachs upgraded Frontline Ltd. (NYSE: FRO) from Sell to Neutral following recent underperformance.

The firm is now neutral, saying on one hand they are cautious on the crude tanker outlook for the next two years given supply demand imbalance. Near term they expect rates to remain under pressure. They only see the market recovering by the end of 2013. On the other hand, valuation no longer supports a Sell rating.

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 $3.61 yesterday, with a 52 week range of $2.52-$9.47.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
• Deutsche Bank Upgrades Seagate (STX) to Buy; Sanmina (SANM) Cut to Sell, Flextronics (FLEX) & Fabrinet (FN) Cut to Hold
• Janney Montgomery Scott Upgrades Wendy's (WEN) to Buy

Create E-mail Alert Related Categories

Upgrades

Related Entities

Goldman Sachs, Crude Oil

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?