BTIG analyst Gregory Lewis raised the firm’s price target on Frontline (FRO) to $30 from $25 and keeps a Buy rating on the shares. The firm is adjusting its model to reflect the company’s modern VLCC, or Very Large Crude Carrier, heavy fleet, which should continue to outperform smaller tankers through the winter season, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRO: