Goldman Sachs upgraded AP Moller Maersk to Neutral from Sell with a price target of DKK 13,000, up from DKK 9,400. The analyst says the re-routing of vessels from Suez via the Cape in response to recent attacks on commercial vessels in the Red Sea is significantly reducing available space on container ships. The firm estimates the current blended East-West spot rates for Maersk to be nearly two-times the pre-disruption levels.
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- AP Moller Maersk price target raised by DKK 250 at JPMorgan
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- AP Moller Maersk upgraded to Overweight from Neutral at JPMorgan
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