Christopher Combe of JP Morgan is urging clients to accumulate shares of the Danish shipping giant, which is due to report earnings in less than 24 hours.
In a recent briefing the London and New York-based forecaster upgraded Maersk to “overweight” from “neutral” and set a price target of DKR 17,000 ($3,046.46).
The revision followed a revamped valuation that resulted in what the analyst described as a “stark upgrade” of what he believes the company’s liner division is worth in today’s market.
“We
