NEW YORK (dpa-AFX Broker) - The US analyst firm Bernstein Research has upgraded Kion from "Market-Perform" to "Outperform" and left the price target at 55 euros. After a significant price decline since March, the share is now trading around 10 percent below the average for the years 2016 to 2024 and at a discount of around 30 percent to the European industrial goods sector, analyst Philippe Lorrain explained his new vote in a study published on Wednesday. Kion is well positioned to benefit from the long-term megatrends shaping the intralogistics sector, he said. He mentioned topics such as automation/digitalization, fragmentation of the supply chain and the electrification of forklift trucks. However, Lorrain maintains his preference for the shares of competitor Jungheinrich./edh/tih

Publication of the original study: 18.06.2024 / 21:00 / UTC

First dissemination of the original study: 19/06/2024 / 05:30 / UTC

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