ZIM Integrated Shipping Gets Price Target Cuts By Analysts After Q1 Results
Portfolio Pulse from Lisa Levin
ZIM Integrated Shipping Services reported a Q1 loss of 50 cents per share and sales of $1.37 billion, missing market expectations of $1.57 billion. Following the earnings announcement, Barclays and Jefferies cut their price targets on the company.
May 23, 2023 | 11:59 am
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ZIM Integrated Shipping reported a Q1 loss and missed sales expectations, leading to price target cuts by Barclays and Jefferies.
ZIM Integrated Shipping reported a Q1 loss and lower-than-expected sales, which is negative news for the company. This has led to price target cuts by Barclays and Jefferies, indicating a bearish outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100