A.P. Moller-Maersk has been downgraded by UBS from "Buy" to "Neutral," with a reduced price target of 11,000 Danish crowns, down from 13,953.
The downgrade is due to concerns about medium-term overcapacity in the overseas shipping industry and investor worries about the company's capital utilization.
The shares are currently trading at a discount, indicating the ongoing challenges in the market.