NEW YORK (dpa-AFX) - The US investment bank Goldman Sachs has raised its price target for Hapag-Lloyd from 95 to 100 euros on the occasion of the key figures for the fourth quarter, but left the rating at "Sell". He has now taken higher freight rates in the current year into account in his valuation model, analyst Patrick Creuset wrote in a study published on Wednesday. The background to this is that the container shipping company's ships have to make long detours around the Cape of Good Hope due to the attacks by the Huthi rebels in the Red Sea. Regardless of this, the downturn in the industry is likely to continue in 2025, meaning that the current "sell" rating remains in place./la/gl

Publication of the original study: 13.02.2024 / 11:33 / GMT First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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