Daiwa: Raised Pacific Basin Shipping (02343.HK) target price to HK$2.68, maintain "in line with the market" rating.

According to the Securities Times app, Morgan Stanley released a research report stating that it has slightly raised the target price of Pacific Shipping (02343.HK) by 24.7%, from HK$2.15 to HK$2.68, maintaining a "market perform" rating. Morgan Stanley raised its earnings forecasts for the company for 2025-2027 by 30%, 27%, and 3.3%, benefiting from the improvement in the spot market in July.