Seaspan (SSW +4.1%) is upgraded to Neutral from Underperform with a $21 target price (from $16)...

|About: Seaspan Corporation (SSW)|By:, SA News Editor

Seaspan (SSW +4.1%) is upgraded to Neutral from Underperform with a $21 target price (from $16) at BofA, believing SSW is finally past the trough of the container shipping market overhang. The firm notes SSW's planned 25% dividend raise, improving cash flow as vessels remain under charter, and recently signed charters and contracts for sizeable vessels.