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Week 8: Evercore Revised Frontline’s Target Price

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Revisions

In week 8, the week ending February 23, 2018, one analyst revised the target price for Frontline (FRO).

On January 22, 2018, Evercore reduced the target price for Frontline to $4 from $4.5.

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Week 7

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

Teekay Tankers’ (TNK) target price was cut by Morgan Stanley to $1.3 from $2. Morgan Stanley upgraded DHT Holdings (DHT) to “overweight,” while UBS reduced DHT’s target price to $4 from $4,25.

Week 6 and week 5

In week 6 and week 5 of 2018, none of the analysts revised their target prices or recommendations for crude tanker companies.

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Week 4

In the previous week, 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’ (TNK) target price to $2.5 from $2. Jefferies reduced the target price for Gener8 Maritime Partners to $8.

Week 3

In week 3 of 2018, J.P. Morgan reduced the target price for Euronav (EURN) to $8 from $9. Degroof Petercam raised Euronav’s target price. J.P. Morgan also revised the target price for Tsakos Energy Navigation (TNP) to $5.5 from $6.

Week 2 and week 1

In week 2 of 2018, none of the analysts revised their recommendation or target prices for crude tanker companies. 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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