B of A Securities Maintains Underperform on ZIM Integrated Shipping, Lowers Price Target to $7.8
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Muneeba Kayani has maintained an Underperform rating on ZIM Integrated Shipping (NYSE:ZIM) and lowered the price target from $11 to $7.8.

March 19, 2024 | 3:16 pm
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B of A Securities has maintained its Underperform rating on ZIM Integrated Shipping and reduced the price target from $11 to $7.8.
The reduction in price target by a significant margin from $11 to $7.8 by B of A Securities, along with the maintenance of an Underperform 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 adjust their expectations based on this new analyst assessment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100