05:14 AM EDT, 08/14/2026 (MT Newswires) -- Deutsche Bank Research maintained its hold rating on Hapag-Lloyd (HLAG.F), saying the German shipping company's second-quarter results were "broadly in line with expectations." "Recent market developments have created short-term strength in the container shipping market; however, we remain cautious on the timing of the Red Sea reopening and the large orderbook for the sector, which could potentially impact freight rates," the research firm said Thursday. Hapag-Lloyd's EBITDA for the three months ended June 30 edged up 1% year-over-year to $829 million, while EBIT slipped 7% to $176 million. Analysts noted that the "small" EBIT decline reflected higher unit costs from elevated bunker prices and Red Sea/Middle East routing expenses, offsetting an 11% revenue boost amid "strong" rates and higher volumes. Ahead of the results, the company raised its full-year 2026 guidance, targeting EBITDA of between $2.7 billion and $3.7 billion alongside an EBIT of $100 million to $1.1 billion. The research firm said market expectations currently sit "broadly" at the midpoint of these ranges, compared with Deutsche Bank's forecasts of $3.02 billion in EBITDA and $443 million in EBIT. Deutsche Bank has a price target of 114 euros on the stock.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.