Clarksons Downgrades Global Ship Lease (GSL) to Neutral From Buy

Global Ship Lease, Inc. (NYSE:GSL) is one of the best shipping and container stocks to invest in now. On May 22, Clarksons downgraded Global Ship Lease, Inc. (NYSE:GSL) to Neutral from Buy, raising the price target to $28 from $27.

In other news, Global Ship Lease, Inc. (NYSE:GSL) announced on July 8 the affirmation of its credit ratings and outlooks by Moody’s, S&P, and KBRA.

Management reported that in affirming Global Ship Lease, Inc.’s (NYSE:GSL) stable outlook, the agencies affirmed its disciplined, low-leverage strategy, track record of using strong cash flow to deleverage, and revenue stability based on multi-year charters.

The agencies also cited Global Ship Lease, Inc.’s (NYSE:GSL) strong earnings and cash flow profile, resilience during industry disruptions, and the overall supportive market conditions for containership owners.

Global Ship Lease, Inc. (NYSE:GSL) is a holding company that owns and charters out containerships under fixed-rate, long-term charters to container shipping companies. The company’s focus is on the operation and technical management of each vessel, including maintaining the vessel, providing lubricating oils, crewing, periodic dry docking, and more.

While we acknowledge the potential of GSL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.