Here's Why Seaspan Corp's Stock Is Soaring Today

Shares of Seaspan Corporation (NYSE: SSW) jumped on Monday and were up 10% at 2:45 p.m. EST. The catalyst was an analyst upgrade.

Analysts at Jefferies issued a new report on Seaspan today. They gave its stock a buy rating and set a $20 price target, which is worth noting since shares were recently trading at around $6.50 apiece -- and that's including today's 10% pop. Fueling that bullish view is Seaspan's improving business prospects.

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Source: Fool.com