UBS AG has reiterated its "Sell" rating for Hapag-Lloyd AG, with a target price of 106 euros, after considering the company's quarterly figures and positive outlook.
Analyst Cristian Nedelcu pointed out that although there is potential for improvement in average market estimates, many investors' expectations were already in line with the upper limits of the previous target ranges.
Hapag-Lloyd's shares are currently trading at 167.80 euros, representing a 2.76% increase of 4.50 euros.
The analysis emphasizes UBS's cautious stance in the face of high investor expectations, suggesting that the shipping company's performance may not meet the heightened market optimism.