Seaspan Announces Pricing of 5,000,000 Class A Common Share Public Offering

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Deutsche Bank Downgrades Seaspan (SSW) to Hold

May 24, 2016 9:49 AM EDT

Deutsche Bank downgraded Seaspan (NYSE: SSW) from Buy to Hold with a price target of $12.00 (from $25.00). Analyst Amit Mehrotra said the company's offering has potential to raise more questions than answer.

"Our downgrade reflects SSW's equity offering, which was a surprise to us... More