East, Gulf coast port strike looks inevitable as talks stall; Biden unlikely to intervene
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Dockworkers' Strike Threat: Approximately 45,000 dockworkers are poised to strike at East Coast and Gulf of Mexico ports due to stalled labor contract negotiations.
Supply Chain Impact: The potential strike raises concerns about supply chain disruptions just ahead of the busy holiday season.
Analyst Views on ZIM
Wall Street analysts forecast ZIM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ZIM is 13.92 USD with a low forecast of 8.70 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
0 Buy
2 Hold
3 Sell
Moderate Sell
Current: 22.470
Low
8.70
Averages
13.92
High
20.00
Current: 22.470
Low
8.70
Averages
13.92
High
20.00
About ZIM
Zim Integrated Shipping Services Ltd is an Israel-based company. It operates as fleet and a network of shipping lines offering cargo transportation services on all major global trade routes, it also offers multi-modal, cargo handling, tariff management, schedule information, and other related services supported by the company's local offices and representatives around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
