Jefferies Raises SSW PT To $26

Jefferies has issued a report raising the Price Target on Seaspan Corp SSW from $20 to $26 a share. According to the report, "After topping our recently raised price target, we are raising our 12-month price target on SSW shares once again to $26 per share based on our increased growth expectations resulting from the Company's recently announced joint venture with The Carlyle Group and corresponding increased likelihood of future dividend increases as well." SSW is rated Buy and closed yesterday at $20.85 a share.