Frontline (FRO +8.6%) is raised to Outperform with a new $5.50 target price from $4.20 at...

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

Frontline (FRO +8.6%) is raised to Outperform with a new $5.50 target price from $4.20 at FBR Capital, which sees limited downside risk at current levels with a restructured FRO having successfully reduced debt, managed new-build commitments, ensured lower rates for chartering arrangements, and the company's intention to steer a conservative course.