Wolfe Research initiated coverage of AP Moller Maersk with a Peer Perform rating and no price target. The analyst sees near-term earnings upside amid “surging” ocean spot rates, but still sees overcapacity as a “big risk” for the company in 2025 and 2026. Wolfe cites potential risk to estimates in the out years for its neutral rating.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMKBY:
- AP Moller Maersk price target raised to DKK 10,700 from DKK 8,150 at Barclays
- AP Moller Maersk upgraded to Buy from Sell at Fearnley
- AP Moller Maersk price target raised to DKK 13,800 at Morgan Stanley
- Maersk: Baltimore Shipping Channel Reopens and Red Sea Crisis Update
- AP Moller Maersk price target raised to DKK 9,283 at Deutsche Bank