Jefferies Starts Global Ship Lease Inc. (GSL) at Buy

Jefferies analyst Randy Giveans initiates coverage on Global Ship Lease Inc. (NYSE: GSL) with a Buy rating and a price target of $18.00.

The analyst commented, "We are initiating coverage of Global Ship Lease (GSL) with a Buy rating and an $18price target as the Company has recently signed numerous charters at 3x the rate ofthe expiring charter and for 2x the duration, announced a major refinancing initiative,declared a dividend, completed an equity raise, and acquired seven vessels. TheCompany has a pro forma fleet of 50 containerships with an average contract length of2.5 years and a charter backlog of $850 MM."

For an analyst ratings summary and ratings history on Global Ship Lease Inc. click here. For more ratings news on Global Ship Lease Inc. click here.

Shares of Global Ship Lease Inc. closed at $12.88 yesterday.

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