JP Morgan Maintains Neutral on Frontline, Lowers Price Target to $22.3
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samuel Bland has maintained a Neutral rating on Frontline (NYSE:FRO) and lowered the price target from $23 to $22.3.

March 01, 2024 | 4:01 pm
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NEUTRAL IMPACT
Frontline's price target has been lowered from $23 to $22.3 by JP Morgan, while maintaining a Neutral rating.
The adjustment in price target by a major analyst like JP Morgan can influence investor perception, but the unchanged Neutral rating suggests no significant change in the company's fundamentals or outlook. Therefore, the impact on the stock price is likely to be moderate in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100