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ZIM Integrated price target raised to $15.80 from $13.70 at Barclays

Barclays analyst Marco Limite raised the firm’s price target on ZIM Integrated (ZIM) to $15.80 from $13.70 and keeps an Underweight rating on the shares. The firm expects the company to post stronger free cash flow year-over-year as its debt service reduces. However, ZIM industry remains structurally oversupplied, the analyst tells investors in a research note.

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