Wells Fargo Downgrades Seaspan (SSW) to Underperform

September 28, 2018 5:42 AM EDT
Get Alerts SSW Hot Sheet
Price: $9.91 --0%

Rating Summary:
    2 Buy, 7 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 13 | New: 20
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Wells Fargo analyst Michael Webber downgraded Seaspan (NYSE: SSW) from Market Perform to Underperform with a price target of $5.50 (from $8.00).

The analyst downgrades the entire container complex citing risks on the horizon. He believes headwinds from both IMP 2020 fuel regulations and impacts from tariff/trade protectionism introduce material downside risks for the entire group.

For an analyst ratings summary and ratings history on Seaspan click here. For more ratings news on Seaspan click here.

Shares of Seaspan closed at $8.32 yesterday.

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