HomeBusinessAP Moller Maersk downgraded from Buy at Jefferies to Hold

AP Moller Maersk downgraded from Buy at Jefferies to Hold

https://www.tipranks.com/news/the-fly/ap-moller-maersk-downgraded-to-hold-from-buy-at-jefferies

Jefferies analyst Omar Nokta has downgraded AP Moller MaerskAMKBY) to Hold from Buy with a price target from DKK 11,500, down from DKK 15,000. The company says that while Maersk remains its preferred name in the shipping sector, shares remain within the range “due to the uncertainty ahead.” The ceasefire between Israel and Hamas suggests that safe passage through the Red Sea is on the horizon, “although there is still a lot of uncertainty about the Houthis’ intentions,” the analyst tells investors in a research note.

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