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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (189512)	7/4/2022 1:04:57 PM
From: Julius Wong	Respond to of 217986

ZIM stock cut to sell-equivalent at BofA on weak U.S. demand Jul. 01, 2022 10:40 AM ET ZIMBy: Mary Christine Joy, SA News Editor 121 Comments Vlada_Z/iStock Editorial via Getty Images BofA Analyst Muneeba Kayani lowered the rating on ZIM Integrated Shipping Services ( ZIM) to Underperform from Buy, and revised the price target on the shares to $40 from $79. Shares were trading ~9% lower. Kayani cited concerns over weaker U.S. demand as a rationale for the ratings action. Analysts have previously warned about logistics sector facing asymmetric valuation risk, as well as slowdown in freight traffic hurting the shipping sector.