Global Ship Lease price target raised to $48 from $42 at B. Riley

B. Riley analyst Liam Burke raised the firm’s price target on Global Ship Lease (GSL) to $48 from $42 and keeps a Buy rating on the shares. Global Ship Lease remains in a win/win position over the long-term, and with almost its entire fleet below 10,000 TEU, the company has realized the benefits of longer-ton miles and tighter vessel supply, the analyst tells investors in a research note.