Frontline price target raised to $45 from $42 at BTIG

BTIG analyst Gregory Lewis raised the firm’s price target on Frontline (FRO) to $45 from $42 and keeps a Buy rating on the shares as part of a broader research note on Crude tankers. Closure of the Strait of Hormuz is creating dislocations across oil markets, which should create the largest seaborne oil restocking cycle ever, the analyst tells investors in a research note.