Deutsche Bank raises AP Moller Maersk price target on freight rates By Investing.com

Deutsche Bank raised its price target for AP Moller Maersk shares (OTC: AMKBY) to DKK19,010 from DKK17,123 while keeping a Hold rating, citing expectations of elevated freight rates. The bank pointed to the CCFI index averaging 55% higher year-over-year in the third quarter, after a 16% increase in the second quarter. It forecast third-quarter EBITDA more than doubling year-over-year to $5,546 million and EBIT reaching around $4 billion, versus $1.3 billion a year earlier. Maersk is scheduled to report third-quarter results on Nov. 5. Deutsche Bank also revised its 2026 outlook, estimating EBITDA around $14.4 billion, helped by improved net debt from higher rates. UBS meanwhile downgraded Maersk from Neutral to Sell, setting a DKK19,680 target.