FRANKFURT (dpa-AFX Broker) - The investment bank Oddo BHF has downgraded Jungheinrich from "Outperform" to "Neutral" and lowered its target price from 44 to 35 euros. In a study published on Tuesday, analyst Fabian Semon expects only limited momentum for the warehouse technology manufacturer's shares this year. He referred to the company's low regional diversification, limited order potential for warehouse trucks and the lack of product launches this year. There are good market prospects for counterbalanced trucks, but these are not quite as important for Jungheinrich's business. The valuation of the shares is more demanding compared to the competitor Kion./tih/ajx

Publication of the original study: 29.01.2024 / 16:05 / CET

First dissemination of the original study: 30.01.2024 / 06:49 / CET