ZIM Integrated Shipping shares are trading lower after Citigroup downgraded the stock from Neutral to Sell while raising its price target to $13.
Portfolio Pulse from Benzinga Newsdesk
ZIM Integrated Shipping shares are trading lower after Citigroup downgraded the stock from Neutral to Sell while raising its price target to $13.
June 06, 2024 | 5:33 pm
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ZIM Integrated Shipping shares are trading lower following a downgrade from Citigroup, which moved the stock from Neutral to Sell. Despite the downgrade, Citigroup raised its price target to $13.
The downgrade from Citigroup to Sell is a negative signal for investors, likely causing a short-term decline in ZIM's stock price. The raised price target to $13 may provide some support, but the overall sentiment is bearish.
CONFIDENCE 90
IMPORTANCE 80
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