BofA analyst Muneeba Kayani lowered the firm’s price target on ZIM Integrated (ZIM) to $12.20 from $13.20 and keeps an Underperform rating on the shares. The firm, which lowers its Q3 freight rates estimate to a 4% sequential increase, notes that its 2025 adjusted EBITDA estimate declines 3% to $2.1B, which is in line with consensus and at the upper end of ZIM’s guidance.
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