Maersk stock target cut at UBS on overcapacity headwinds

Investing.com -- UBS cut its price target for A.P. Moller-Maersk to DKr 12,000 from DKr 12,500 in a note on Tuesday, warning that overcapacity could weigh heavily on profitability.The bank maintained a Neutral rating but said it sees the “risk reward skewed to the downside into the next months if our thesis for the industry moving to loss making in 4Q/1Q proves correct.”UBS said it now forecasts Maersk’s 2026 EBITDA at $5.3 billion, “circa 12% lower vs. consensus $6.05 billion.”The analysts noted that “we cut our Maersk EBITDA FY25/26 estimates by 4%/13% to reflect the evolution of the spot ra…