$ZIM Integrated Shipping Services Ltd.(ZIM)$
The recent downgrade from "Buy" to "Hold" by Jefferies, citing stock price was hovering around $25, seems unjustified and is worsened by the ongoing labor strikes at U.S. East and Gulf Coast ports. ZIM's heavy reliance on Red Sea shipping routes, which have faced disruptions attributed by the Middle East tensions, has effectively reduced 12% of its ship availability.
Jefferies explained that these strikes had caused major disruptions, as these ports manage 50% of U.S. containerized imports and 60% of exports—though the issue has now been resolved. Despite this, the stock price plunged by 15% today. I believe at $18.25 is a super good entry price.
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