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Fly News Breaks for May 31, 2017
FRO
May 31, 2017 | 07:31 EDT
Seaport Global analyst Magnus Fyhr upgraded Frontline to Buy and maintained its $8 price target following the Q1 beat driven by higher-than-expected spot rates and lower interest expenses. The analyst said shares are down 24% year-to-date and shares justify a premium to the peer group given its market leadership and trading liquidity.
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