Deutsche Bank analysts downgraded containership leasing giant Seaspan Corp from buy to hold in a climate of uncertainty amid the US-China trade war heating up.
The New York-listed owner's target share price was also lowered to $9 from $13.
While lauding Seaspan's operating cash generation and de-leveraging initiatives, Deutsche Bank analyst Amit Mehrotra highlighted the increased risk posed by the trade spat between US and China.
