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Week 9: Evercore Revised Frontline’s Target Price

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Revisions

In week 9, the week ending March 2, 2018, one analyst revised Frontline’s (FRO) target price.

On March 1, 2018, Evercore reduced Frontline’s target price to $3.5 from $4.

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Week 8

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

Week 7

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.

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Week 6 and week 5

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

Week 4

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’ (TNK) target price to $2.5 from $2. Jefferies reduced Gener8 Maritime Partners’ target price to $8.

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Week 3

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.

Week 2 and week 1

In week 2, 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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