Frontline (FRO) Tops Q1 EPS by 3c
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Frontline Ltd. (FRO) PT Lowered to $6 at Credit Suisse; 'Spot VLCC Rates Down Roughly 45% Over Last 2 Weeks... Expect FRO to Post Q2 Loss'
May 31, 2017 8:42 AM EDTCredit Suisse lowered its price target on Frontline Ltd. (NYSE: FRO) to $6.00 (from $8.00) while maintaining a Neutral rating, following a review near-term spot VLCC rates.
Analyst Gregory Lewis notes expectations for the company to deliver a second quarter loss, as spot VLCC... More
