Frontline Reaches Analyst Target Price
October 11, 2016 at 09:17 AM EDT
In recent trading, shares of Frontline Ltd (FRO) have crossed above the average analyst 12-month target price of $7.75, changing hands for $7.89/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..