Frontline (FRO) -5.9% premarket after shares are downgraded to Underperform at Wells Fargo,...


Frontline (FRO) -5.9% premarket after shares are downgraded to Underperform at Wells Fargo, which believes the "recent short squeeze" - FRO is up 69% in the past 10 trading days, vs. S&P up 5% - has taken valuation "well beyond a sustainable level... particularly given the fact that there has been little-to-no change in FRO’s long-term fundamentals."

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Comments (2)
  • Mattster
    , contributor
    Comments (165) | Send Message
     
    If there has been little-to-no change to fundamentals then it seems there would be little-to-no basis for a downgrade.
    20 Mar 2012, 09:30 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11220) | Send Message
     
    Didn't Wells Fargo need a bailout?
    20 Mar 2012, 11:13 AM Reply Like
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