Jefferies Maintains Hold Rating for ZIM Integrated Shipping: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Jefferies has maintained its Hold rating for ZIM Integrated Shipping (NYSE:ZIM) but lowered its price target from $16.00 to $13.00. ZIM's shares are currently trading up 1.82% at $12.31 per share. A move to $13.00 would represent a 5.61% increase from the current share price.
June 27, 2023 | 5:01 pm
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Jefferies has maintained its Hold rating for ZIM Integrated Shipping but lowered its price target. This could potentially impact investor sentiment and the stock's price.
The decision by Jefferies to maintain its Hold rating indicates a neutral stance on the stock. However, the lowering of the price target could potentially signal a less optimistic outlook, which might impact investor sentiment and the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100