Jyske Markets has upgraded shares in AP Moller-Maersk amid exceptions of an improved performance.
Analyst Frans Hoyer has raised the Copenhagen-listed conglomerate from sell to reduce and reset his target price at DKK 13,500 ($2,093) per share.
In a report, Hoyer explained the upgrade comes following signs Maersk Line’s results are set to increase more than previously anticipated.
Jyske is projecting a profit of $2.088bn
