Investing.com -- UBS cut its price target for A.P. Moller-Maersk to DKr 12,000 from DKr 12,500 in a note on Tuesday, warning that overcapacity could weigh heavily on profitability. UBS pointed to an order book “32.7% of the active fleet” compared with just 12% of the fleet older than 20 years, warning this “may incentivise market share gains rather than rational behaviour.”The analysts also saw “limitations in two of the main levers to address the supply (scrapping and slowing down sailing speeds) mid-term.”Maersk’s position appears weaker than peers, with UBS noting that in the second quarter “Maersk Ocean generated an EBIT margin of 3% vs. the average of the peers of ~11%.”That margin gap, it said, could translate to “~USD 1bn of incremental cash burn vs. the average of the peers” if rates fall back to breakeven. Related articlesMaersk stock target cut at UBS on overcapacity headwindsUnbundling still the most likely path from here for Warner: BofAShould you own shipping and containers stocks? Jefferies weighs in