JEFFERIES: Jungheinrich Vz "buy" - boerse.de

Boerse.de raises Jungheinrich Vz to "buy"

JEFFERIES expects a positive trend for Jungheinrich Vz stock

According to boerse.de, JEFFERIES analysts have raised their recommendation for Jungheinrich Vz shares from "hold" to "buy".

Analyst Benedikt Zirm raised his price target from EUR 38 to EUR 40.

"As the market leader in intralogistics technology, Jungheinrich is ideally positioned to benefit from the ongoing trend towards automation and digitization in the logistics and manufacturing sectors," said Zirm.

He added that the company's strong financial performance in recent quarters, as well as its positive outlook for 2023, support his bullish stance.

"We believe that Jungheinrich Vz shares are currently trading at an attractive valuation and offer investors a compelling entry point," said Zirm.

Shares of Jungheinrich Vz have gained around 10% since the start of the year.