Frontline Ltd.

Wells Fargo has downgraded Frontline (NYSE: FRO) from Outperform to Market Perform.

Morgan Stanley has changed the price target on the following companies: Tiffany & Co. (NYSE: TIF) from $70 to $81, Overweight Frontline (NYSE: FRO) from o$21 to $17, Equal Weight Costamare (NYSE: CMRE) from $19 to $22, Overweight

Frontline Ltd. (NYSE: FRO) posted strong 2q results and is issuing a $0.75 dividend, Dahlman Rose reports, and though the summer tanker market was weak and could pressure 3Q2010, Frontline is believed to be well positioned to outperform its large fleet tanker competitors. 2Q EPS were $0.92, above...

Frontline Ltd. (NYSE: FRO) reported 2Q EPS of $0.92 (excluding a $0.12 gain from sale) ahead of consensus of $0.67 and Oppenheimer's estimate of $0.80, primarily driven by lower operating/charter hire expenses, according to Oppenheimer. Frontline also declared a $0.75/share dividend, in-line with...