UBS maintains sell rating for Hapag-Lloyd with target price of 106 euros

Hapag-Lloyd AG has received a "Sell" rating from UBS AG, with a target price of 106 euros, based on the company's third-quarter results.

Analyst Cristian Nedelcu mentioned that Hapag-Lloyd's operating profit (EBITDA) figures for October exceeded market expectations. However, UBS remains cautious about the future performance of the stock.

Hapag-Lloyd shares are currently priced at 167.80 euros, representing a 6.68% increase. Despite the positive earnings report, UBS's outlook suggests potential challenges for the shipping company, leading to the recommendation to sell.

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