FRANKFURT (dpa-AFX Broker) - Bankhaus Metzler has upgraded Hapag-Lloyd from "Sell" to "Hold" and raised its target price from 99 to 150 euros. The tense situation around the Suez Canal shipping route could significantly reduce global freight capacities and thus make the supply/demand ratio more balanced, analyst Guido Hoymann wrote in a study published on Tuesday. With the exception of CMA, all major shipping companies are now avoiding this route due to the repeated attacks by Huthi rebels. A global container index has risen by 170 percent since a low at the end of November./bek/edh

Publication of the original study: 23.01.2024 / 07:58 / CET

First publication of the original study: 23.01.2024 / 07:58 / CET

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------