FBR downgrades "high beta" tanker stocks OSG, FRO and GMR to Market Perform, saying the trio is...
FBR downgrades "high beta" tanker stocks OSG, FRO and GMR to Market Perform, saying the trio is vulnerable to macroeconomic risks which could "depress demand and slow the tightening of the tanker market." Converesly, firm upgrades NAT to Outperform, lauding its "healthy dividend yield, firm fiscal footing, and disciplined management." FRO -2.5% premarket.
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