Morgan Stanley downgraded AP Moller Maersk (AMKBY) to Underweight from Equal Weight with a DKK 12,200 price target The firm cites the impact of structural oversupply on freight rates for the downgrade and says Maersk’s dividend reinstatement is now in the share price and unlikely to be a positive surprise.
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Read More on AMKBY:
- AP Moller Maersk price target lowered to DKK 14,500 at Morgan Stanley
- AP Moller Maersk price target raised to DKK 8,750 from DKK 8,500 at Barclays
- AP Moller Maersk price target raised to DKK 9,000 from DKK 8,575 at JPMorgan
- A.P. Moller – Maersk Posts Strong Q3 2024 Results
- AP Moller Maersk (AMKBY) Q3 Earnings Cheat Sheet
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