Maersk Keeps Defying Bearish Expectations as Shares Soar

Wait 5 sec.

A.P. Moller-Maersk A/S keeps giving analysts reasons to reconsider their bearish views on its shares. The stock has surged nearly 60% this year as a boost to freight rates from stronger demand and supply line disruptions has spurred the Danish shipping giant to upgrade its guidance twice over the summer. Maersk has also weathered concerns over fuel costs from the Middle East conflict, and the impact of US tariffs.