KION

Kion has lowered its forecast for the current year and said its original medium-term targets are no longer achievable. The reason is a disappointing order intake in the forklift segment in the third quarter; preliminary Q3 figures were below market expectations. The stock recovered quickly after initial losses. » More on finanzen.net

Kion shares climbed nearly 6% to around €48 following a buy recommendation from Citigroup, reaching their highest price since May. Citi analyst Martin Wilkie sets a €62 price target and sees potential from AI in warehouse automation as well as a recovering forklift cycle. He also expects support in 2027 from a German investment package and considers competition from China in the high-end segment exaggerated. Rival Jungheinrich also rose and received a buy recommendation from Citi. » More on de.investing.com

Kion Group shares climbed 5.5% to €47.78 after Citigroup raised its rating from "Neutral" to "Buy" and lifted the price target from €46 to €62. Citigroup sees around 30% upside and gives three reasons: growing use of AI in warehouse automation, a cyclical recovery in forklift demand, and improved German economic data plus a government infrastructure package. The analyst also stresses that competitive risks from Chinese suppliers in the high-end segment are overstated. The stock had already recovered from its 52-week low and additionally benefited from an earlier positive analyst consensus (11 buy recommendations, 0 sells). » More on de.investing.com