Seaport Global

Michigan-based wood manufacturer and distributor Universal Forest Products, Inc. (NYSE: UFPI) is showing strong macroeconomic indicators, according to Seaport Global.  The Analyst Seaport Global analyst Reuben Garner initiated coverage of Universal Forest Products with a Buy rating and $...

Safe Bulkers, Inc. (NYSE: SB) shares have leaked 15 percent since early June, and investors should buy the dip, according to Seaport Global.   The Analyst Seaport Global's Magnus Fyhr upgraded Safe Bulkers from Neutral to Buy with a price target lifted from $3.50 to $5. The...

Oil drilling company Patterson-UTI Energy Inc. (NASDAQ: PTEN)'s stock has fallen 30 percent in recent months.  The Analysts Credit Suisse analyst James Wicklund upgraded Patterson-UTI from Neutral to Outperform and lowered the price target from $22 to $19. Seaport Global...

The overall sentiment within the Exploration & Production sector has changed for the better as a 50-percent spike in oil prices since last June has been matched with flat performance for the E&P group, according to Seaport Global. The Analyst Seaport Global's Mike Kelly and team made...

Master limited partnership companies are facing multiple "existential issues," so investors should look for exposure to companies with simple structures, according to Seaport Global Securities.  The Analyst Seaport Global's Bernie Colson and Ryan Amberger. The Thesis MLP...

Power generation company BWX Technologies Inc (NYSE: BWXT) was accorded the top notch rating by an analyst at Seaport Global, as he sees a path to well over $100 for the shares of the company. The Analyst Seaport Global analyst Josh Sullivan initiated coverage of BWX Technologies with a Buy...

For polar bears and conservationists, the Arctic Circle’s clearing is a source of lamentation, but for those involved in bulk transportation, it may be cause for celebration. As obstructive ice melts, shipping routes open, which in some cases provide more direct paths between destinations,...

Mark Levin of Seaport Global has begun coverage of Kansas City Southern (NYSE: KSU) with an Accumulate rating and target price of $104 on expected volume growth in the fourth quarter and first half of 2017, while noting that shares are attractive at current levels. Good Times Ahead The analyst also...

Walt Liptak of Seaport Global initiated coverage of CSX Corporation (NASDAQ: CSX) with a Neutral rating and $31 price target, which represents a 16x multiple to his 2017 earnings per share estimate of $1.95 per share. Liptak noted that from a historical perspective, the stock has traded at an...

Seaport Global disclosed rating changes for seven companies in the energy sector. Of these seven, the brokerage upgraded five while downgrading the other two. Significantly, there is no Sell rating on any of the stocks. Similarly, no price targets were slashed for any of the companies under review...

Analysts at Jefferies and Seaport Global both initiated coverage on Tuesday of the auto sector. Taking a closer look at the their respective outlooks reveals a differing of opinion between the two sell-side firms. Ford Analysts at Jefferies slapped an Underperform rating and $10 price target...

Seaport Global started coverage of Ford Motor Company (NYSE: F) with a Buy rating and $20 price target and said they would become even more aggressive buyers of the stock when the dividend yield approaches 5 percent. The price target of $20 represents a potential upside of 64 percent over...

Seaport Global's Ryan Cassil downgraded Watts Water Technologies Inc (NYSE: WTS) to Neutral, while maintaining a price target of $58. Cassil did not see anything new in the company, but downgraded Watts due to the price passing the analyst's target of $58.00. The downgrade "has happened without an...