Deutsche Bank reshuffles its ratings on shipping stocks, upgrading Frontline (FRO +1.5%) and...

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

Deutsche Bank reshuffles its ratings on shipping stocks, upgrading Frontline (FRO +1.5%) and Teekay Tankers (TNK) to Buy from Hold and calling both 'best-in-class operators.' Deutsche downgrades Genco (GNK -3.2%) to Hold from Buy, given Genco's spot exposure and what "will likely be a weak dry bulk market in the near-to-intermediate term."