FRANKFURT (dpa-AFX) - A recommendation from the investment bank Bernstein boosted Kion's share price on Wednesday morning. The shares of the forklift truck group recovered on the Tradegate trading platform by up to 7 percent to 43.50 euros, after they had slumped to their lowest level since mid-January on Friday. The scratched simple 200-day average line was only held with difficulty during the most recent setback.

Bernstein analyst Philippe Lorrain now issued an "outperform" recommendation with an unchanged price target of 55 euros. The shares are a "valuation call" on the intralogistics megatrend - i.e. a particularly favorable opportunity to bet on this theme. Kion is excellently positioned when it comes to the automation and digitalization of warehouses or the electrification of lifting machines.

However, Lorrain still prefers the shares of competitor Jungheinrich ("outperform", target 45 euros) in a direct comparison. Their shares have not yet been traded on Tradegate. In 2024, they have so far lagged behind Kion, which has gained 5 percent, with a small loss overall. Since Lorrain's recommendation of Jungheinrich in March, however, they have outperformed Kion. Jungheinrich's sales development is more robust and there are opportunities for acquisitions in the warehouse segment, the analyst explains./ag/mis/stk