JP Morgan Initiates Coverage On Frontline with Neutral Rating, Announces Price Target of $20
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Samuel Bland has initiated coverage on Frontline (NYSE:FRO) with a Neutral rating and a price target of $20.
August 15, 2023 | 9:26 am
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NEUTRAL IMPACT
JP Morgan has initiated coverage on Frontline with a Neutral rating and a price target of $20.
The initiation of coverage by JP Morgan, a major financial institution, is a significant event for Frontline. The Neutral rating suggests that the analyst sees the stock as fairly valued at current levels. The price target of $20 provides a reference point for investors, but does not necessarily suggest a strong upside or downside. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100