Upturn in Maersk's share price could continue until Chinese New Year

"Freight rates will go drown after the Chinese New Year in February. This is, however, included in our model forecasts. The discipline in the market should sustain stock prices," writes Handelsbanken.

Photo: Charlotte De La Fuente/Ritzau Scanpix

Following a great year for Maersk's stock in 2020, it could very well get off to a good start in 2021 as well, projects Handelsbanken.

In an analysis, Handelsbanken points to the still strong freight rates, a non-Ocean business in progress and benefits of digitalization as the primary reasons for the continued upturn.

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