Capital Product Partners: Jefferies upgrades on rising containership asset values

Capital Clean Energy Carriers

22/04/2021 11:02

** Jefferies upgrades international containership operator
 CPLP.O  to "buy" from "hold"     
    ** Brokerage says containership asset values have been
rising for several months and secondhand asset prices could
continue to climb in 2021
    ** Containership market is improving as increased
manufacturing in Asia, inventory restocking and increased demand
for goods over services persists in the U.S. and Europe -
Jefferies
    ** Co said on Tuesday it would sell two 9,288 twenty-foot
equivalent unit (TEU) container vessels for $195 mln  urn:newsml:reuters.com:*:nASA020M9
    ** Brokerage believes co will sell its only dry bulk vessel
in the coming months to buy a modern containership
    ** Avg. stock rating is "strong buy" - Refinitiv Eikon data
    ** Jefferies lifts PT to $16 from $8.5; median PT is $15
    


 (Reporting by Siddarth S)
 ((Siddarth.s@thomsonreuters.com;))