FRANKFURT (dpa-AFX) - Kion shares confirmed their weak phase since the end of March on Friday. UBS had expressed some skepticism about the expected recovery in orders in the second half of the year. Analyst Sven Weier lowered the price target from 63 to 50 euros with an unchanged buy recommendation.

With a drop of 7.2 percent to 39.12 euros, the shares of the forklift manufacturer and warehouse specialist were in last place in the MDax this morning and slipped below the 200-day line, which provides signals for the longer-term trend. The most recent recovery since mid-June had not been enough to break the downward trend.

This Friday's markdown has thrown the shares back to the level of mid-January. The shares of competitor Jungheinrich also fell in the wake of Kion's losses, most recently by 2.3 percent./ajx/jha/