Maersk shares jump 3.1% after JPMorgan report

2023-12-13 14:20:52

Danish shipping company Maersk’s shares jumped by regarding 3.1 percent during Wednesday’s trading.

What is the reason for this increase?

Maersk shares received strong support today as a result of JP Morgan’s huge increase in the target price for its shares by approximately 33 percent compared to the last closing price.

In a report, the bank expected further growth in container volume during 2024 by regarding five percent compared to current levels, indicating that the company’s financial results witnessed a stronger than expected end to 2023.

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