The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0808 GMT - Maersk has recorded a strong freight-rate performance this year, especially in the second and third quarter, Citi analyst Arthur Truslove writes. The bank increases its 2026 Ebitda forecast to $11.86 billion from $9.8 billion after management raised its Ebitda guidance to $10.5 billion-$12.5 billion from $8 billion-$10 billion. Citi retains its neutral rating on the stock and lifts its target price to 20,864 Danish kroner from 17,543 kroner. Shares rise 4.6% to 21,650 kroner. (dominic.chopping@wsj.com)

0752 GMT - Hapag-Lloyd recently reported second-quarter results, on the back of which Citi has raised its forecasts. The bank expects stronger freight rates and demand to offset higher fuel costs. Citi models a 16% quarter-on-quarter increase in third-quarter freight rate with EBIT at $941 million. Citi's 2026-27-28 EBIT forecast stands at $1.25 billion, $35 million and a loss of $480 million respectively, above company 2026 EBIT guidance of $100 million to $1.1 billion, reflecting the improved rate and demand environment. Consensus EBIT stands at $821 million for 2026, a loss of $63 million in 2027 and a loss of $149 million in 2028. The bank retains its sell rating on the stock and lifts its target price to 115 euros from 101 euros. Shares rise 3.8% to 137.40 euros. (dominic.chopping@wsj.com)

0648 GMT - Questions remain over Rheinmetall's midterm targets, analysts at J.P. Morgan caution. The German defense group trimmed its sales guidance for the year this month after the German government cancelled a major frigate order. Along with lower planned capex, sales over the longer term are likely to be lower than expected, according to JPM's calculations. "We remain bullish on European defense but see more upside in several other names," the bank says. (joshua.kirby@wsj.com' @joshualeokirby)

0622 GMT - BMW has suggested that its September capital markets day will highlight cost reductions and a new way of working with suppliers, which should improve profitability, Citi analysts write. Given very low 2026 EBIT margins, Citi expects BMW will set medium-term EBIT margin and free cash flow targets well above current levels. However, structural changes such as the China market and tariffs suggest these may be 400 basis points lower than previous "normal" BMW levels, Citi adds. BMW has also highlighted that it believed its core industrial strategy is correct and would not be changed, but Citi argues the industry environment has changed. "Should BMW's strategy not evolve to reflect this?" it adds. Citi rates BMW at neutral with a 64-euro target price. Shares closed at 59.40 euros.