Credit Suisse downgraded its rating on shares of Costamare and JP Morgan slashed its earnings estimates as the New York-listed shipowner faces a dimming outlook for the containership market.
Analyst Gregory Lewis, who tracks shipping stocks for Credit Suisse, chopped his rating to "underperform" from "neutral", even though he said the Greek shipowner has done a good job of preparing for an extended downturn.
"The
