DNB Markets has downgraded shares in AP Moller-Maersk amid expectations its third quarter results will miss analysts estimates. 

Analysts led by Nicolay Dyvik lowered the Danish conglomerate from buy to hold today, noting its stock has climbed by over a quarter since a high-profile strategic review was launched. 

Dyvik and colleagues Jorgen Lian and Petter Haugen are projecting a core operating profit of $1.9bn