Jefferies Maintains Hold on Frontline, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Omar Nokta has maintained a 'Hold' rating on Frontline (NYSE:FRO) and raised the price target from $17 to $19.
October 10, 2023 | 2:29 pm
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Jefferies analyst maintains a 'Hold' rating on Frontline and raises the price target from $17 to $19.
The news is directly about Frontline (FRO). The 'Hold' rating suggests that the analyst believes the stock will perform in line with the market, while the increased price target indicates an expectation of potential upside. However, as the rating is not an upgrade, the short-term impact on the stock price may be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100