Fearnley Securities upgrades Maersk to 'buy', lifts target price
Fearnley Securities upgraded Maersk to "buy" from "hold" and raised its price target to DKK 26,000 from DKK 15,500, lifting estimates as the market is expected to remain higher for longer. The brokerage also raised Maersk's 2026 EBITDA estimate to $13.2 billion, citing firm freight rates and forward contracts. The 2027 EBITDA estimate was increased by 80% due to strong demand and terminal congestion expected to absorb fleet growth. Out of 24 analysts covering Maersk, one rates it a "buy", 12 a "hold", and 11 a "sell". Maersk shares rose about 2.7%.
Fearnley Securities raised Maersk to 'buy' from 'hold' and increased its target price to DKK 26,000 from DKK 15,500, citing estimates that the market is likely to stay higher for longer. 2 billion, saying freight rates and forward contracts are still at firm levels and point to a strong Q4. 8% fleet growth. Fearnley said any easing in current market disruptions would likely bring a relief rally for the global macro economy and, in turn, increased demand for containerized goods.
LSEG data showed that, of 24 analysts covering Maersk, one rates the stock 'buy', 12 rate it 'hold' and 11 rate it 'strong sell' or 'sell'. 7%.