Baader Helvea ups Jungheinrich to 'buy' on 'strongly undervalued' shares
21/02/2025 08:23
** Baader Helvea raises forklift truck maker Jungheinrich
JUNG_p.DE to "buy" from "add", saying shares are "strongly
undervalued" amidst favourable mid-term prospects
** The stock has been underperforming compared to peer KION
Group KGX.DE and other mid-cap engineering cos, the broker
says
** Shares in Jungheinrich have declined nearly 30% since
their 2024 highs in April
** The broker expects the company to report only a minor
revenue growth and stable margins in 2025, but sees the medium
term growth story as intact, as it expects order intake and
sales to increase in 2026 and 2027
** Out of 16 analysts covering the company, 13 rate it
"strong buy" or "buy" and 3 rate it "hold"
(Reporting by Isabel Demetz)
((Isabel.demetz@thomsonreuters.com))