Fearnley ups Maersk to 'buy', expecting market to be higher for longer

AP Moeller - Maersk A/S

21/09/2026 09:43

** Fearnley Securities upgrades Maersk MAERSKb.CO to ''buy'' from ''hold'' and ups TP to DKK 26,000 from DKK 15,500, lifting estimates as ''market likely will be higher for longer''
** Fearnley lifts Maersk's 2026 EBITDA estimate to $13.2 billion, pointing to freight rates and forward contracts holding at firm levels, indicating a strong Q4
** The brokerage ups the 2027 EBITDA estimate by 80%, saying strong demand and terminal congestion will likely absorb much of next year’s 9.8% fleet growth
** Any ease in current market disruptions would likely involve a relief rally for the global macro economy and thus increased demand for containerized goods, it adds
** Out of 24 analysts that cover Maersk, one rates the stock ''buy'', 12 rate it ''hold'' and 11 rate the stock ''strong sell'' or ''sell'' — LSEG data
** Maersk's shares rise about 2.7%

(Reporting by Alexander Klyve Gudbrandsen)
((alexanderklyve.gudbrandsen@thomsonreuters.com))