As previously reported, Wells Fargo analyst Michael Webber downgraded Capital Product to Market Perform from Outperform and lowered his price target on the shares to $3 from $4. The analyst continues to maintain a cautious outlook for the container complex in 2019, largely on the back of slowing Containerized trade, tariff headline risk, and mounting implied/tangible counterparty risk, particularly around mid-tier container lines as the sector grapples with IMO 2020 regulations. While Webber does not see any immediate risks at Capital Product, he thinks the macro backdrop creates a difficult risk/reward for the stock over the next few quarters.