Frontline (FRO +5.2%) is upgraded to Neutral from Sell at Goldman, which says valuation no...

|About: Frontline Ltd. (FRO)|By:, SA News Editor

Frontline (FRO +5.2%) is upgraded to Neutral from Sell at Goldman, which says valuation no longer supports a Sell rating while staying cautious on the crude tanker outlook for the next two years given supply/demand imbalance. The firm also bumps Seadrill (SDRL -0.3%) to Neutral, reflecting its positive view on day rates and deep water drilling fundamentals.