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.

Is Global Ship Lease, Inc. (GSL) the Best Marine Shipping Stock to Invest in Now?

A large cargo ship in a harbor port, teeming with Twenty-Foot Equivalent Units (TEUs).

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GSL and that has 100x upside potential, check out our report about this cheapest AI stock.

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