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Enter Symbol:
 
Frontline Ltd. (FRO) [hlAlert]

Rating:
Overweight
FRO
down 96.23 %

Frontline Ltd. (FRO) upgraded to Overweight by JP Morgan

Posted on: Wednesday,  Jul 23, 2008  8:25 AM ET by JP Morgan

JP Morgan rated Overweight Frontline Ltd. (NYSE: FRO) on 07/23/2008, when the stock price was $67.77. Since
then, Frontline Ltd. has lost 96.24% as of 01/14/2016's recent price of $2.55.
If you would have followed this JP Morgan's recommendation on FRO, you would have lost 96.23% of your investment in 2731 days.

Frontline Ltd. (Frontline) is engaged primarily in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers. The Company operates tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons (dwt), and Suezmaxes, which are vessels between 120,000 and 170,000 dwt. As of February 28, 2009, the Company operated a tanker fleet consisting of 83 vessels. The fleet consists of 41 VLCCs, which are either owned or chartered in, 30 Suezmax tankers, which are either owned or chartered in, eight Suezmax OBOs, which are chartered in, and four VLCCs under its commercial management. In January 2008, the Company established Independent Tankers Corporation Limited (ITCL), as a wholly owned subsidiary for the purpose of holding, by way of contribution, its interests in Independent Tankers Corporation (ITC). In February 2008, Frontline spun off 17.53% of its holding in ITCL to its shareholders.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/23/2008 8:25 AM Buy
None
67.77
as of 12/24/2008
1 Week down  -2.68 %
1 Month down  -7.50 %
3 Months down  -34.25 %
1 YTD down  -17.83 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2008 8:25 AM Hold
None
43.83

(*) Stock Price at the time of the recommendation.
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