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Analysts’ Recommendations for Crude Tanker Companies

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Updated

Revisions

In week 11, the week ending March 16, 2018, none of the analysts revised their recommendations or target prices for crude tanker companies.

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Week 9

In week 9, Frontline’s (FRO) target price was reduced to $3.5 from $4.5.

Earlier revisions

In week 8, Evercore reduced Frontline’s target price to $3.5 from $4. In week 7, Credit Suisse reduced Nordic American Tankers’ target price to $2 from $4 and maintained a “neutral” rating. Evercore reduced Nordic American Tankers’ target price to $1.5 from $3.

Morgan Stanley cut Teekay Tankers’ (TNK) target price to $1.3 from $2. Morgan Stanley upgraded DHT Holdings (DHT) to “overweight,” while UBS reduced DHT Holdings’ target price to $4 from $4.25.

In week 4, Evercore downgraded Gener8 Maritime Partners (GNRT) to “in line” from “outperform.” Evercore reduced Frontline’s target price to $4 from $4.5. Evercore raised Teekay Tankers’ target price to $2.5 from $2. Jefferies reduced Gener8 Maritime Partners’ target price to $8.

In week 3, J.P. Morgan reduced Euronav’s (EURN) target price to $8 from $9. Degroof Petercam raised Euronav’s target price. J.P. Morgan also revised Tsakos Energy Navigation’s (TNP) target price to $5.5 from $6.

In week 1, UBS downgraded Gener8 Maritime Partners to “neutral” from “buy” and raised the target price to $6.75 from $6.5.

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