- ZIM Integrated Shipping Services Ltd (NYSE:ZIM) has announced the extension of a partnership agreement with Alibaba.com, a business unit of Alibaba Group Holding Ltd (NYSE:BABA).
- Both the companies have extended their cooperation agreement for two more years.
- The agreement, which initially enabled Alibaba.com sellers to book and purchase sea freight and logistic services from ZIM, has now been expanded to include serving Alibaba.com buyers as well.
- “We continue to position ZIM as a leading eCommerce service provider while creating significant advantages for customers,” said Eli Glickman, Chief Executive Officer.
- Price action: ZIM shares are trading higher by 1.56% at $43 premarket on the last check Monday.
Telsey Advisory Group Maintains Market Perform on Kroger, Raises Price Target to $45
Telsey Advisory Group analyst Joseph Feldman maintains Kroger (NYSE:KR) with a Market Perform and raises the price target from $40 to $45.
