Barclays Maintains Underweight on ZIM Integrated Shipping, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Alexia Dogani maintains an Underweight rating on ZIM Integrated Shipping (NYSE:ZIM) but raises the price target from $5 to $10.
May 28, 2024 | 11:49 am
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Barclays analyst Alexia Dogani maintains an Underweight rating on ZIM Integrated Shipping but raises the price target from $5 to $10.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive reassessment of the company's value. The mixed signals are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100