SEEKING ALPHA reports:
ZIM Integrated Shipping (NYSE:ZIM) +6.6% in Monday’s trading after J.P. Morgan upgraded the stock to Overweight from Neutral with a $15.40 price target, saying the temporary nature of ZIM’s company-specific challenges is not appreciated, with a natural runway for cost competitiveness to improve over time.
“Over the past two years ZIM has moved from a leader in profitability to having possibly the lowest margins in the sector,” JPM analyst Samuel Bland wrote, …
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