JP Morgan upgraded its rating of ZIM Integrated Shipping (NYSE:ZIM) to Neutral with a price target of $53.30, changing its price target from $43.60 to $53.30.
Shares of ZIM Integrated Shipping are trading up 2.17% over the last 24 hours, at $49.86 per share.
A move to $53.30 would account for a 6.9% increase from the current share price.
About ZIM Integrated Shipping
ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
