Barclays Maintains Underweight on ZIM Integrated Shipping, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Alexia Dogani maintains an Underweight rating on ZIM Integrated Shipping (NYSE:ZIM) and reduces the price target from $6 to $5.
December 05, 2023 | 12:06 pm
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Barclays analyst Alexia Dogani has maintained an Underweight rating on ZIM Integrated Shipping and lowered the price target from $6 to $5.
The reduction in price target by Barclays, accompanied by an Underweight rating, suggests a bearish outlook on ZIM Integrated Shipping's stock. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations based on the new analyst rating and price target.
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