Value in North America's land transport: cheap, dirt cheap and expensive stuff
Not all expected to move forward at the same speed
If there’s one broker that deserves credit as far as their call on Danaos is concerned, it’s surely Jefferies – which safely labelled the non-operating container ship owner “a top pick” around the end of the third quarter.
Even for them, though, the rally was too good to be predicted. You read it here: Jefferies adjusts Danaos’ price target to $18 from $13, keeps buy rating.
At one point yesterday, in less than three months, its performance read +172%, but then something went ...
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