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Frontline (NYSE:FRO) Reaches New 52-Week High - Still a Buy?
Frontline (NYSE:FRO) recently hit a new 52-week high of $34.90, trading above its 50-day and 200-day moving averages. While analysts have a “Moderate Buy” consensus, new target prices from some firms have reached as high as $35, despite a recent earnings miss. Institutional investors have been increasing their positions in the shipping company.