Maersk and Hapag-Lloyd Fairly Priced For Higher Rates -- Market Talk
Dow Jones2026/08/20 13:131312 GMT - Maersk and Hapag-Lloyd appear fairly priced for sustained higher freight rates, Deutsche Bank analyst Harishankar Ramamoorthy writes. Container shipping companies posted strong second-quarter results, as they benefited from the high rates. Deutsche Bank says the key question now is how long could freight rates remain elevated. "We believe the rest of 2026 could see higher rates prevail, but incremental supply in 2027 and a potential Red Sea reopening should be headwinds." The bank retains its hold rating on both Maersk and Hapag-Lloyd. It raises its Maersk target price to 17,123 Danish kroner from 14,030 kroner, and raises its Hapag-Lloyd target to 117 euros from 114 euros. Maersk shares fall 0.1% to 20,720 kroner, Hapag-Lloyd shares fall 1.8% to 133.70 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
August 20, 2026 09:13 ET (13:13 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro drifts toward the bottom of its range as US rate bets climb
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Crypto prices
More
