0923 GMT 12 July [Dow Jones] Morgan Stanley lowers its target price for AP Moller-Maersk (MAERSK-B.KO) to DKK55,000 from DKK60,000 and keeps its rating at overweight. “We are confident that the container shipping division will return to profits in 2012.” It sees significant valuation upside across Maersk’s other groups, such as the drilling and terminals businesses, and notes the valuation looks attractive. Shares are 0.8% lower at DKK39,000.
- Dominic Chopping, Dow Jones Newswires