ZIM Integrated Shipping Services (ZIM) PT Raised to $20 at Jefferies

Jefferies analyst Omar Nokta raised the price target on ZIM Integrated Shipping Services (NYSE: ZIM) to $20.00 (from $15.00) while maintaining a Hold rating.

The analyst comments "ZIM's Board is weighing next steps, and there appear to be several options. We discuss the five likely scenarios: a sale to the CEO, a sale to a competitor, a sale of its high-value assets, a special dividend or nothing at all. Each has meaningful implications to ZIM's stakeholders. A sale to the CEO, whose bid is understood to be $20/sh, seems to be a fall-back option and perhaps a floor for the stock. We thus raise our target to $20 and keep our Hold rating."

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