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Fly News Breaks for May 3, 2018
SSW
May 3, 2018 | 09:02 EDT
BofA/Merrill analyst Ken Hoexter upgraded Seaspan to Buy from Neutral and raised his price target on the shares to $10 from $6.20 citing a strong operational performance, benefits from the GCI acquisition, and an improving containerized trade market. He believes its improving cash flow should allow the company to accelerate its de-levering.
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