JPMorgan upgraded AP Moller Maersk to Overweight from Neutral with a price target of DKK 13,800, up from DKK 12,400. Maersk continues to pursue its integrator strategy, and cost cutting will improve profitability there in the coming quarters, the analyst tells investors in a research note. The firm believes the shares are pricing in a worst case scenario.
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Read More on AMKBY:
- AP Moller Maersk price target lowered to DKK 8,655 at Deutsche Bank
- AP Moller Maersk upgraded to Hold from Sell at SEB Equities
- AP Moller Maersk sees FY23 adjusted EBITDA at lower end of $9.5B-$11B
- AP Moller Maersk reports Q3 revenue $12.13B vs $22.77B last year
- AP Moller Maersk to reduce global workforce to below 100,000 positions
