Showing posts with label Frontline. Show all posts
Showing posts with label Frontline. Show all posts

Thursday, August 30, 2012

CIGNA (CI) (BCOV) (CPN) (FRO) (GIVN) (LPX) (P) (WWE) (ZLC) Upgraded by Analysts

CIGNA Co. (CI), Brightcove (BCOV), Calpine (CPN), Frontline Ltd. (FRO), Given Imaging Ltd (GIVN), Louisiana-Pacific Co. (LPX), Pandora Media (P), World Wrestling Entertainment Inc (WWE) and Zale Corp (ZLC) were upgraded by analysts.

Raymond James upgraded Brightcove (BCOV) from an "Outperform" rating to a "Strong-Buy" rating. They have a price target of $26.00 on the company.

Credit Suisse (CS) upgraded CIGNA Co. (CI) from an "Neutral" rating to a "Outperform" rating. They have a price target of $56.00 on the company.

Barclays Capital upgraded Calpine (CPN) from an "Equal Weight" rating to a "Overweight" rating. They have a price target of $21.00 on the company.

Wells Fargo & Co. (WFC) upgraded Frontline Ltd. (FRO) from an "Underperform" rating to a "Market Perform" rating.

WBB Securities upgraded Given Imaging Ltd (GIVN) from an "Hold" rating to a "Speculative Buy" rating. They have a price target of $17.50 on the company.

Bank of America (BAC) upgraded Louisiana-Pacific Co. (LPX) from an "Neutral" rating to a "Buy" rating. They have a price target of $16.00 on the company.

Canaccord Genuity upgraded Pandora Media (P) from an "Hold" rating to a "Buy" rating. They have a price target of $16.00 on the company.

Roth Capital upgraded World Wrestling Entertainment Inc (WWE) from an "Neutral" rating to a "Buy" rating. They have a price target of $12.00 on the company.

Northcoast Research upgraded Zale Corp (ZLC) from an "Neutral" rating to a "Buy" rating. They have a price target of $7.00 on the company.

Tuesday, August 30, 2011

Roper (ROP) (SO) (FRO) (G) (PBY) (QLIK) Price Targets Changed

Roper Industries Inc (NYSE: ROP), Southern Co (NYSE: SO), Frontline Ltd. (NYSE: FRO), Genpact Limited (NYSE: G), Pep Boys (NYSE: PBY) and Qlik Technologies Inc (NASDAQ: QLIK) price targets adjusted by analysts.



Roper Industries Inc. (ROP) had its price target lowered by Longbow Research from $98.00 to $88.00. They have a “Buy” rating on the company.



Southern Co. (SO) had its price target raised by BMO Capital Markets to $42.00. They have a “Market Perform” rating on the company.



Frontline Ltd. (FRO) had its price target lowered by FBR Capital from $28.00 to $8.00. They have a “Market Perform” rating on the company.



Genpact Limited (G) had its price target lowered by Oppenheimer from $20.00 to $19.00. They have an “Outperform” rating on the company.



Pep Boys (PBY) had its price target lowered by Argus from $17.00 to $13.00. They have a “Buy” rating on the company.



Qlik Technologies Inc. (QLIK) had its price target lowered by UBS AG (NYSE:UBS) from $37.00 to $26.00. They have a “Neutral” rating on the company.

Thursday, August 11, 2011

SatCon (SATC) (FII) (FRO) (GNET) (MWW) (OSG) Downgraded

SatCon Tech (NASDAQ: SATC), Federated Investors (NYSE: FII), Frontline Ltd. (NYSE: FRO), Global Traffic Network, Inc. (NASDAQ: GNET), Monster Worldwide, Inc. (NYSE: MWW) and Overseas Shipholding Group Inc. (NYSE: OSG) downgraded by analysts.



Federated Investors (FII) was downgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Sell” rating. They have a price target of $16.00 on the company.



Frontline Ltd. (FRO) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.



Global Traffic Network, Inc. (GNET) was downgraded by Dougherty & Co. from a “Buy” rating to a “Sell” rating.



Monster Worldwide, Inc. (MWW) was downgraded by Citigroup from a “Buy” rating to a “Hold” rating. They have a price target of $10.00 on the company.



Overseas Shipholding Group Inc. (OSG) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.



SatCon Tech (SATC) was downgraded by Ardour Capital from a “Buy” rating to a “Hold” rating. They have a price target of $1.50 on the company, down from $4.00.

Thursday, August 4, 2011

Frontline (FRO) (RRD) (PCS) (KFRC) (BLT) Downgraded

Frontline Ltd. (NYSE: FRO), R.R. Donnelley & Sons Company (NYSE: RRD), MetroPCS (NYSE: PCS), Kforce Inc. (NASDAQ: KFRC) and Blount International, Inc. (NYSE: BLT) downgraded by analysts.

R.R. Donnelley & Sons Company (RRD) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $16.00 on the company, down from $22.00.

MetroPCS (PCS) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $10.00 on the company, down from $22.00.

Frontline Ltd. (FRO) was downgraded by Jefferies (NYSE:JEF) from a “Buy” rating to a “Hold” rating. They have a price target of $10.00 on the company, down from $20.00.

Kforce Inc. (NASDAQ: KFRC) was downgraded by analysts from a “Buy” rating to a “Neutral” rating.

Blount International, Inc. (BLT) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating. They have a price target of $47.00 on the company.

Wednesday, August 3, 2011

MedAssets (MDAS) (HUM) (SNCR) (DLR) (FRO) (ARIA) (ALGT) (CPLP) (GEVO) Price Targets Changed

MedAssets, Inc. (NASDAQ: MDAS), Humana (NYSE: HUM), Synchronoss Technologies, Inc. (NASDAQ: SNCR), Digital Realty Trust, Inc. (NYSE: DLR), Frontline Ltd. (NYSE: FRO), Ariad Pharmaceutical (NASDAQ: ARIA), Allegiant Travel (NASDAQ: ALGT), Capital Product Partners L.P. (NASDAQ: CPLP) and Gevo, Inc. (NASDAQ: GEVO) price targets adjusted by analysts.

MedAssets, Inc. (MDAS) had its price target lowered by UBS AG (NYSE:UBS) from $15.50 to $13.00. The have a “Neutral” rating on the company.

Humana (NYSE: HUM) had its price target raised by Barclays Capital from $85.00 to $90.00. They have an “Equal Weight” rating on the company.

Synchronoss Technologies, Inc. (SNCR) had its price target raised by Stifel Nicolaus from $38.00 to $44.00. They have a “Buy” rating on the company.

Digital Realty Trust, Inc. (DLR) had its price target lowered by Barclays Capital from $70.00 to $67.00. They have an “Overweight” rating on the company.

Frontline Ltd. (FRO) had its price target lowered by Deutsche Bank (NYSE:DB) from $22.00 to $16.00. They have a “Buy” rating on the company.

Ariad Pharmaceutical (ARIA) had its price target raised by Brean Murray from $11.00 to $15.00. They have a “Buy” rating on the company.

Allegiant Travel (ALGT) had its price target cut by Barclays Capital from $65.00 to $61.00. They have an “Overweight” rating on the company.

Capital Product Partners L.P. (CPLP) had its price target lowered by Deutsche Bank from $9.00 to $8.00. They have a “Hold” rating on the company.

Gevo, Inc. (GEVO) had its price target boosted by UBS AG from $21.00 to $23.00. They have a “Buy” rating on the company.

Thursday, February 17, 2011

Genco (GNK), Teekay (TK), Frontline (FRO) Overseas Shipholding (OSG) up 1.9% Soar on Iranian Warship News

Shares of a number ship transportation companies closed higher Wednesday on the news Iranian warships had been spotted moving through the Suez Canal. Frontline Ltd. (NYSE:FRO), Genco Shipping & Trading Ltd. (NYSE:GNK), Teekay Corp. (NYSE:TK) and Overseas Shipholding Group, Inc. (NYSE:OSG) all ended the session in positive territory.

The warships appeared to be heading toward Syrian waters.

Also helping the shipping companies rise was an increase in crude prices during the day.

Overseas Shipholding Group closed Wednesday at $34.87, gaining $0.79, or 2.32 percent. Frontline Ltd. closed at $27.08, up $0.58, or 2.19 percent. Teekay Corp. ended the session at $35.75, rising $0.74, or 2.11 percent. Genco Shipping & Trading Ltd. closed the day at $12.79, up $0.40. or 3.23 percent.

Monday, January 24, 2011

JPMorgan (NYSE:JPM) Downgrades General Maritime (NYSE:GMR), Frontline (NYSE:FRO), Overseas Shipholding (NYSE:OSG), Nordic American (NYSE:NAT)

The shipping industry has been under pressure lately, and in response, JPMorgan (NYSE:JPM) downgraded General Maritime (NYSE:GMR), Frontline (NYSE:FRO), Overseas Shipholding (NYSE:OSG), and Nordic American Tanker (NYSE:NAT).

JPMorgan did have one upgrade in the sector, DHT Holdings (NYSE:DHT), which they boosted from "Neutral" to "Overweight." DHT Holdings closed Friday at $4.98, up $0.08, or 1.63 percent. JPMorgan raised their price target on them from $5.50 to $6.50.

Nordic American Tanker (NAT) was downgraded from "Neutral" to "Underweight." They closed Friday at $24.46, down $1.18, or 4.60 percent. JPMorgan lowered their price target on them from $27 to $22

General Maritime (GMR) was downgraded from "Overweight" to "Neutral." They closed Friday at $2.98, falling 0.19, or 5.99 percent.

Frontline (FRO) was downgraded from "Overweight" to "Underweight." They closed at $24.93, down $0.68, or 2.66 percent. Their price target was cut from $34 to $23

Overseas Shipholding (OSG) was downgraded from "Overweight" to "Underweight." They closed Friday at $32.73, dropping $1.18, or 3.48 percent. JPMorgan cut their price on them from $41 to $29.

Tuesday, January 4, 2011

Frontline Oil (NYSE:FTO) Enters Sale Leaseback of Front Shanghai

The announced sale leaseback of VLCC Front Shanghai by Frontline Oil Corp. (NYSE:FTO), while viewed as good for liquidity, in the long-term could hinder NAV and cash flow.

FBR Capital said, "Overall, we believe Frontline received a fair price for the vessel. However, the liquidity the transaction provides today comes at the expense of limiting the long-term upside to cash flow and NAV from an improvement in the tanker market."

"In conjunction with the sale of the Front Shanghai, Frontline agreed to charter back the ship from the new owner at a rate of $35,000 per day. This compares to a Clarkson's quote of $36,500 per day for a 3-year time charter. The duration of the time charter is expected to be two years."

FBR maintains an "Outperform" rating on Frontline Oil, which closed Monday at $18.33, up $0.32, or 1.78 percent.

Monday, November 29, 2010

Frontline (NYSE:FRO) Finds Support in Seaborne Oil Trade

Frontline Ltd (NYSE:FRO) no doubt faces some short-term challenges, the expanding role of oil transportation using the sea should help Frontline over the longer term.

FBR said, "Frontline reported a softer quarter due to weak rate realizations, as we expected. Concerns over 4Q10 earnings as well as the dividend level also drove the stock lower. While the near term is proving to be challenging, we continue to believe that Frontline is positioned to benefit from an increasing seaborne oil trade, as an increasing percentage of the world's oil is transported via the sea and as trade lanes lengthen. We believe the current softness in the tanker market presents an entry opportunity for FRO ahead of typically strong winter rates."

Frontline was trading at $26.03, dropping slightly by $0.02, or 0.008 percent. FBR lowered their price target on them from $44 to $40.