Jefferies has initiated coverage of liner operators AP Moller-Maersk and Hapag-Lloyd with “hold” ratings while offering two different outlooks on the container ship sector.
The US investment bank has started following the B-class shares of Copenhagen-listed Maersk with a price target of DKK 13,000 ($1,913.40), above today’s close of DKK 11,950, as it sees risks in becoming a comprehensive shipping services provider.
