Bernstein initiated coverage of AP Moller Maersk with an Underperform rating and DKK 8,500 price target. Maersk’s core business of container shipping is a capital-intensive, low-margin business without pricing power, the analyst tells investors in a research note. The firm says the company is now facing huge oversupply.”
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- AP Moller Maersk price target lowered to DKK 8,577 at Deutsche Bank
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