Comment / Snapshot: Danaos – better safe than sorry

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 ...