Excellence Rates Israel Corp at Buy Despite Travails

Analyst sees Zim needing another debt arrangement, and sees union, public blocking sale of Israel Chemicals.

The Zim international shipping company could need another debt arrangement and Oil Refineries may need support from The Israel Corporation, suspects analyst Liat Glazer of the Excellence-Nessuah brokerage firm. Yet she has started analytical coverage of Israel Corporation with a Buy recommendation and a price target of NIS 3,156 per share, which is 20 percent higher than the share’s share price yesterday.