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Fly News Breaks for May 9, 2019
SSW
May 9, 2019 | 07:16 EDT
Jefferies analyst Randy Giveans downgraded Seaspan to Hold from Buy with an unchanged price target of $10. The analyst notes that after rallying 30% year-to-date, the shares have reached his price target. Further, following the company's Q1 results, Giveans reduced his earnings expectations for the seven vessels as a result of a modification of time charters from a top-five customer.
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