FRANKFURT (dpa-AFX) - An upgrade by the experts at Exane BNP gave Kion shares a strong boost on Friday. The "outperform" vote made the shares of the warehouse technology manufacturer a positive phenomenon in an otherwise mixed market environment. In the morning, the share price rose by 2.8 percent, which earned the shares a place in the top group of the MDax. At the same time, the mid-cap index was just in the red. The Kion share price reached its highest level since August 2022.

The French investment bank Exane BNP Paribas upgraded Kion from "Neutral" to "Outperform" and raised its price target by around half to 59 euros. In a study published on Friday, analyst Sebastian Growe takes a more positive view of the warehouse technology manufacturer's Industrial Trucks & Services (ITS) division, which includes the forklift truck business. The expert believes that the fourth quarter figures and an initial outlook for 2024 will have a positive impact on the share price./tih/jha/