Deutsche Bank Downgrades Frontline to Hold, Announces $17 Price Target
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Amit Mehrotra has downgraded Frontline (NYSE:FRO) from Buy to Hold and set a price target of $17.

August 25, 2023 | 9:07 am
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Frontline's stock has been downgraded from Buy to Hold by Deutsche Bank, with a new price target of $17.
The downgrade from Buy to Hold suggests that Deutsche Bank believes the stock may not have much upside potential in the near term. The new price target of $17 could also indicate that Deutsche Bank sees limited growth for the stock. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100