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ubs downgrades a p moller maersk shares fall one percent

A.P. Möller-Maersk's shares fell 1% to DKK 10,235 following UBS's downgrade from a buy recommendation to neutral, with the target price reduced from DKK 13,953 to DKK 11,000. UBS expressed concerns that its investment thesis no longer aligns with expectations, suggesting the company may be viewed as a value trap by investors in the near future.
Zonebourse
Danish Krone A P Møller Mærsk DNK
TradFi, Market Report
14:13 17.10.2024

A.P. Möller-Maersk shares decline after UBS lowers investment recommendation

A.P. Möller-Maersk's shares dropped 1 percent to DKK 10,235 after UBS downgraded its recommendation to neutral from buy, reducing the target price from DKK 13,953 to DKK 11,000. UBS expressed concerns that the company's valuation has stagnated since July 2023 and warned that it may be viewed as a value trap by investors in the near future.
MarketScreener
Danish Krone A P Møller Mærsk DNK
TradFi, Market Report
14:13 17.10.2024
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