Frontline (FRO) Misses Q3 EPS by 2c
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Frontline Ltd. (FRO) PT Lowered to $5 at Morgan Stanley
November 24, 2017 5:12 AM ESTMorgan Stanley lowered its price target on Frontline Ltd. (NYSE: FRO) to $5.00 (from $5.50) while maintaining a Equalweight rating.
Analyst Fotis Giannakoulis remains sidelined as the medium-term outlook appears challenging due to influx of newbuilds but likes the company's strong liquidity position and support from the Fredriksen group.
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