Germany's Commerzbank has initiated coverage of domestic container line Hapag-Lloyd with a recommendation to buy its stock.
It forecast a price of EUR 46 ($55.76) per share within a year, up 35% from now.
The new target is 16% above the consensus average of EUR 39.82.
Hapag-Lloyd has integrated Middle East line UASC and the boxship operations of Chile's CSAV in the last two years.
It said a solid operational performance in the third quarter of 2017 allowed it to post operating profit of EUR 180.6m ($213m), against EUR 65.6m a year earlier.
Net earnings came in at EUR 54.3m, up from EUR 8.2m at the same stage last year.
Revenue jumped to EUR 2.8bn from EUR 1.93bn.
