Fearnley Securities has upgraded shares in AP Moller-Maersk ahead of its capital markets day tomorrow.

Analysts Espen Landmark Fjermestad, Peder Nicolai Jarlsby and Lars Konrad Johnsen have raised their rating on the Danish giant from reduce to buy.

The analysts say AP Moller’s guidance for 2018 is overly cautious but are focusing on 2019 and beyond.