FRANKFURT (dpa-AFX) - Kion shares reached another high since September on Friday at 35.96 euros. In the still young year, the shares of the forklift manufacturer thus already increased by about one third. At 36.23 euros, the 200-day line is waiting.

Analyst Debashis Chand had recommended the shares on Thursday evening with a price target of 45 euros to buy. After a weak 2022, the short-term margin expectations are not very risky, the expert said. Investors are also likely to gradually focus more on the good long-term opportunities again. He sees no need for a capital increase.

Kion shares had temporarily lost almost 81 percent in 2022, before stabilizing again since October. However, the record high from the fall of 2021 at over 103 euros remains a long way off. Shares in competitor Jungheinrich had lost up to 56 percent in 2022 and are currently trading at 31 euros, the same level as in March of the previous year. Their record was a good 48 euros./ag/jha/