Investment bank Jefferies raises the price target for A.P. Møller-Maersk by DKK 500 (USD 79.51) to DKK 16,500 (USD 2,623.88), with reference to freight rates staying resilient on the heels of the Chinese New Year, writes Jefferies in a new analysis.
Jefferies expects an exceptional first quarter for Maersk, with EBITDA earnings coming to USD 4.2 billion – USD 1.5 billion more than the record achieved in the fourth quarter last year.
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