A Wachovia Capital Markets analyst upgraded Seaspan Corp Tuesday after the New York-listed boxship owner unveiled a share offering.



Analyst Justin Yagerman hiked his rating on the company to “outperform”, from "market perform".



Yagerman says the Vancouver-based company is set for a share rebound on the heels of the stock issue. After the announcement Monday.



Seaspan announced an effort to issue 7 million shares.