Citi upgraded AP Moller Maersk (AMKBY) to Neutral from Sell with a DKK 11,093 price target The shares trade at an “unusually attractive” valuation and consensus is assuming “unprecedented negativity” in Ocean, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMKBY:
- Five Below asks vendors to turn away shipments waiting in China, Bloomberg says
- AP Moller Maersk price target lowered to DKK 11,200 at Morgan Stanley
- AP Moller Maersk price target raised to DKK 9,500 from DKK 9,000 at Deutsche Bank
- AP Moller Maersk price target lowered to DKK 7,850 from DKK 8,450 at JPMorgan
- U.S. Dockworkers Reach a New Six-Year Agreement Including Pay Raises & Automation Protection