HSBC downgrades container stocks as US east coast strike ends By Investing.com

Written by Emily J. Thompson, Senior Investment Analyst

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Source: Investing.com

Updated: Oct 09 2024

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Source: Investing.com

HSBC Downgrades Container Stocks: HSBC has downgraded major container stocks, including Evergreen Corp and COSCO SHIPPING Holdings, due to a forecasted slowdown in earnings and an oversupply of shipping capacity expected in 2025-2026.
Mixed Ratings for Shipping Companies: While maintaining a Buy rating on Maersk and SITC International Holdings for their strong performance, HSBC has issued a Reduce rating on Hapag Lloyd AG due to high valuations, indicating a potential downcycle in the container shipping industry.

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.

HSBC downgrades container stocks as US east coast strike ends By Investing.com

About the author

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