Exane BNP Paribas analyst Robert Joynson downgraded AP Moller Maersk to Neutral from Outperform with a DKK 15,000 price target. The analyst says overcapacity will restrict freight rates while recent spot gains are likely to be transitory. The Red Sea problems have little in common with the pandemic for supply or demand, the analyst tells investors in a research note.
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Read More on AMKBY:
- AP Moller Maersk upgraded to Buy from Hold at Jefferies
- AP Moller Maersk downgraded to Neutral from Overweight at JPMorgan
- AP Moller Maersk upgraded to Neutral from Sell at Goldman Sachs
- AP Moller Maersk price target raised by DKK 250 at JPMorgan
- AP Moller Maersk price target lowered by DKK 300 at JPMorgan
