The Latest Breaking News from Zim

BofA analyst Muneeba Kayani downgraded ZIM Integrated Shipping Services Ltd (NYSE:ZIM) to Underperform from Buy and lowered the price target to $40 (a downside of 8%) from $79. The analyst revealed concerns over weaker U.S. demand. Kayani states that large U.S. retailers have signaled to weaken spending on goods and excess inventories, and this, along…

The stock market has been on a rough ride amid the rising inflation and the Fed’s monetary policy pivot. On the other hand, the shipping industry has been witnessing significant demand as economic activities spruce up. So, we think shipping stocks Star Bulk (SBLK), Safe Bulkers (SB), Nippon Yusen (NPNYY),…

Amid the uncertainties surrounding the U.S. economy, we think it could be wise to invest in quality Israeli stocks to cash in on the country’s favorable macroeconomic trends. Shares of Israel-based companies Teva (TEVA), ZIM (ZIM), and NICE (NICE) could be solid additions to one’s portfolio, given their fundamental strength.…

As the better than expected jobs report is unlikely to give the Federal Reserve reason to pause its aggressive monetary policy tightening, and thus the economy could witness a slowdown, we think it could be wise to scoop up shares of high-dividend companies ZIM Integrated (ZIM), Western Midstream (WES), Stellantis…