craig slay/iStock via Getty Images Danaos (NYSE:DAC) said Monday it has signed an order worth more than $500M for five newbuilding containerships and added $616M to its contracted revenue backlog and added an extra five newbuilding containerships to its order book. Danaos (DAC) said the five newbuilding orders with anContinue Reading
“We downgrade the stock to Neutral today, as upside will only materialize in a bull case, in which the outlook beyond 2025 increases materially, and we do not have the conviction on this scenario playing out yet,” said New Street analyst Pierre Ferragu in a report on Friday. The firmContinue Reading
Bruce Bennett/Getty Images News Seaport Research Partners has upgraded Bank of America’s (NYSE:BAC) rating from “Neutral” to “Buy.” In a Diversified Financials report, senior analyst Jim Mitchell said the team is setting Bank of America’s (BAC) price target at $48, with a 12.5x multiple of 2025 EPS, up from 10.4x.Continue Reading
