FRANKFURT (dpa-AFX Broker) - Deutsche Bank Research has upgraded Hapag-Lloyd from "Sell" to "Hold" and raised its price target from 108 to 124 euros. In an industry study published on Wednesday, Andy Chu expects demand for container shipping on the China-US trade route to recover in the short term and freight rates to rise again. However, his long-term outlook for the sector remains cautious as he anticipates significant oversupply. /edh/gl
Publication of the original study: May 14, 2025 / Time not specified in study / CEST Initial distribution of the original study: May 14, 2025 / 7:53 a.m. / CEST
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