Jefferies Maintains Hold Rating for Frontline: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Jefferies has maintained its Hold rating for Frontline (NYSE:FRO) and increased its price target from $17.00 to $19.00. Frontline's shares are currently trading up 2.65% at $19.77 per share. Frontline is an international shipping company involved in the seaborne transportation of crude oil and oil products.

October 10, 2023 | 5:00 pm
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Jefferies has maintained its Hold rating for Frontline and raised its price target. This could potentially stabilize the stock's price in the short term.
Analyst ratings can have a significant impact on a stock's performance. In this case, Jefferies, a reputable financial firm, has maintained its Hold rating for Frontline and raised its price target. This suggests that they believe the stock is fairly valued at the moment and expect it to reach the new target price. This could potentially stabilize the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100