Barclays analyst Marco Limite raised the firm’s price target on ZIM Integrated (ZIM) to $16.50 from $13.90 and keeps an Underweight rating on the shares. Post the Q3 report, the firm increased fiscal 2024 EBITDA forecasts by 10%. However, it continues to see peak earnings in 2024 and expects an earnings correction in fiscal 2025 amid oversupply and potential destocking.
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