Citigroup Downgrades ZIM Integrated Shipping to Sell, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Sathish Sivakumar has downgraded ZIM Integrated Shipping from Neutral to Sell, while raising the price target from $11.6 to $13.
June 06, 2024 | 3:59 pm
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Citigroup analyst Sathish Sivakumar downgraded ZIM Integrated Shipping from Neutral to Sell, while raising the price target from $11.6 to $13.
The downgrade from Neutral to Sell suggests a negative outlook on ZIM Integrated Shipping's stock performance. Although the price target was raised, the overall sentiment is bearish, likely leading to a short-term decline in the stock price.
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