Stocks in Action: KION, Allianz, Schneider Electric, Knorr-Bremse, and Rheinmetall.
Reading Time: 4 minutes
Stock 1.) KION - Intralogistics specialist benefits from automation trend and economic upturn, Jefferies raises target price to €71 and maintains Overweight! One of the most important buy ratings comes on Monday from Jefferies for KION! Recently, KION positively surprised with the release of its Q3 results. Revenue was on par with the previous year's level at €2.7 billion, while adjusted EBIT, despite a decline from €220 million to €190 million, exceeded consensus expectations of €182 million. The corresponding EBIT margin was 7.0% (previous...
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