ZURICH (dpa-AFX Broker) - The major Swiss bank UBS has raised its target price for Hapag-Lloyd from 101 to 106 euros, but left the rating at "sell". Due to the disruptions in the Red Sea, the market capitalizations of shipping companies have increased significantly again, but at Hapag significantly more than at Maersk despite unequal size ratios, analyst Cristian Nedelcu wrote in a study published on Tuesday. He believes that the market is underestimating the impact of the additional profits on Maersk and overestimating it on Hapag-Lloyd./tih/edh

Publication of the original study: 04.06.2024 / 04:12 / GMT

First dissemination of the original study: 04.06.2024 / 04:12 / GMT

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