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Fly News Breaks for March 2, 2017
SSW
Mar 2, 2017 | 07:39 EDT
Credit Suisse analyst Gregory Lewis lowered his price target for Seaspan to $8 from $13 following the company's "tough decision" to lower the dividend. The analyst believes 2017 is shaping up to be another challenging year for container shipping rates with charter rates for medium/smaller ships hovering around cash breakeven. He reiterates a Neutral rating on the shares.
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