JP Morgan Ups AP Moller-Maersk's Target in anticipation of positive news

0938 GMT 5 Oct 2012 [Dow Jones]-- JPMorgan ups AP Moller-Maersk’s (MAERSK-B.KO) target to DKK45,500 from DKK44,000 in anticipation of positive news from the company’s capital markets day on Oct. 9, which, however, also lifts the risk of disappointment. Says it expects the CMD to deliver insights into the valuation of the still-opaque oil and gas unit - a likely incremental positive - but also that the “scope for upside next week vs. current market expectations is unclear against a backdrop of still poor liner fundamentals”. Maintains a neutral rating on the stock. Shares down 0.3% at DKK42,200.

  • Flemming Hansen, © 2012 Dow Jones & Co