FRANKFURT (dpa-AFX Broker) – A positive study by Bank of America (BofA) on the Kion (KION GROUP) share caused its price to climb to its highest level since October on Thursday. In the high, the papers of the manufacturer of forklifts and warehouse technology gained 4.3 percent to just under 76 euros, making them the winners in the MDAX of the medium-sized stock market stocks.
The trend towards electronic trading increased again towards the end of last year, wrote Anaylst George Featherstone. The Supply Chain Solutions segment, which specializes in automation, benefits from this. The associated better quality of business results is not yet adequately reflected in the share valuation. The expert raised the price target from 100 to 110 euros and continued to recommend buying. / Bek / mis