FRANKFURT (dpa-AFX Broker) – Kion (KION GROUP) and Jungheinrich weakened on Friday. The day before, after a 110 percent annual increase, the former had reached a high since March 2022 at 67 euros. Now they temporarily came back to 64.35 euros. At 34.26 euros, Jungheinrich are now miles away from their annual high of almost 43 euros from July. With an increase of a third in 2025, they are also doing better than the MDAX.
Analyst Martin Wilkie from Citigroup canceled his buy recommendation for Kion this morning after the whopping doubling. The rally is driven by the prospect of a recovery in German industrial production and more optimism about increasing global investments in the warehouse sector.
According to Wilkie, the valuation of Kion shares is “only” back to the historical norm. However, he believes that a return to the level of the online trading boom in 2020/21 during Corona times is unlikely. The shares have also almost exhausted their increased price target of 68 euros./ag/mis
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