Jefferies Is Pounding the Table on ZIM Integrated Shipping (ZIM) Stock

The crisis in the Red Sea is boosting shipping stocks, especially ZIM Integrated Shipping (NYSE:ZIM) stock, which Jefferies is upgrading to a “buy.”The brokerage set a one-year price target of $20 for the international shipping company. ZIM was due to open this morning at $14.80 per share, a market capitalization of almost $1.8 billion on an estimated 2023 revenue of $6.1 billion. The stock was up about 10% over the weekend. Making Money From WarZIM was expecting a 2023 loss of $2.1 billion as falling price ...