- BofA analyst Muneeba Kayani downgraded ZIM Integrated Shipping Services Ltd ZIM to Underperform from Buy and lowered the price target to $40 (a downside of 8%) from $79.
- The analyst revealed concerns over weaker U.S. demand.
- Kayani states that large U.S. retailers have signaled to weaken spending on goods and excess inventories, and this, along with congestion unwind at U.S. ports, could result in a notable correction in ocean spot rates.
- Price Action: ZIM shares are trading lower by 7.69% at $43.59 on the last check Friday.
ZIMZIM Integrated Shipping Services Ltd
$14.341.70%
Edge Rankings
Momentum
40.07
Growth
84.47
Quality
-
Value
99.52
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
