New York-listed Seaspan Corp (SSW) could almost double its share price as markets improve following its acquisition of Greater China Intermodal's boxship fleet.
Deutsche Bank (DB) has raised its target price to $13, from a trading level of $7.08 currently, and upgraded the stock to buy.
Amit Mehrotra, DB's director of US transportation and shipping, sees good potential for upside beyond this "if current containership trends hold and management executes on its stated balance sheet strategy."
