Why ZIM Integrated Shipping Services Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares increased by 9.2% in pre-market trading following an upgrade from Hold to Buy by Jefferies, with a raised price target from $14 to $20. Other stocks also showed significant movement in pre-market trading, with various companies experiencing gains and losses. Notable gainers include NovaBay Pharmaceuticals, Inc. (NYSE:NBY) and Spectral AI, Inc. (NASDAQ:MDAI), while significant losers include Panbela Therapeutics, Inc. (NASDAQ:PBLA) and Aeva Technologies, Inc. (NYSE:AEVA).
January 29, 2024 | 12:56 pm
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ZIM's stock rose by 9.2% in pre-market trading due to an upgrade from Hold to Buy by Jefferies and an increased price target from $14 to $20.
The positive analyst rating and increased price target by Jefferies are strong indicators of confidence in ZIM's future performance, likely leading to increased investor interest and a potential short-term rise in stock price.
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