The shares of global freight giant A.P. Moller - Maersk (MAERSKA.DK) are gaining more than 4% in today's session following Goldman Sachs' upgrade of the company's rating. The recommendation raised the previous "sell" rating to "neutral" in the face of rising global freight prices due to problems in the Red Sea.
Moreover, the company decided today to stop its ships from sailing through the Red Sea. GS analysts estimate that spot rates for the East-West route will almost double from pre-disruption levels. "While we previously forecast negative FCF of around $4 billion in 2024/25, we now expect Maersk to generate around $1 billion in 2024." - Goldman Sachs analysts write. The upgraded recommendation also supports other companies in the sector.
A.P. Moller - Maersk was the world's largest freight company by revenue.
Source: Bloomberg Financial LP

Source: xStation
Amazon shares tumble 10% as investors recoil at the price of AI dominance
Disaster for Volvo shares. Is this the end of an iconic brand?
Stock of the week: Alphabet is no longer just a search engine (05.02.2026)
🚨US100 loses 2% amid US technology stocks sell-off