Jefferies Upgrades Frontline to Buy, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Omar Nokta upgraded Frontline (NYSE:FRO) from Hold to Buy and increased the price target from $22 to $30.
March 21, 2024 | 9:43 am
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Frontline was upgraded by Jefferies from Hold to Buy with a price target increase from $22 to $30.
The upgrade from Hold to Buy by a reputable analyst at Jefferies, along with a significant increase in the price target, suggests a strong bullish outlook for Frontline. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100