Kion stock begins the major trend reversal. Reasons why Morgan Stanley rated it as a Buy with a target of €62!

After a drop of 38% year-to-date, Kion offers a highly attractive risk-reward ratio according to Morgan Stanley. The analysts upgraded the stock to "Overweight" and revised the price target to €62 (previously €48). The bull scenario implies a potential of 105%, while the downside risk appears limited to 20%. The market is simply pricing in too negative an earnings scenario. Three reasons why Morgan Stanley is optimistic First, the European environment is stabilizing, as the Purchasing Managers' Index for new orders has been in the expansionary...