FRANKFURT (dpa-AFX Broker) - A positive assessment by Citigroup with a view to Jungheinrich 's upcoming business figures gave the forklift manufacturer's shares a significant boost on Wednesday. They climbed above their interim high from the beginning of March and reached their highest level since mid-January in the afternoon. They recently gained four percent to 32.24 euros as the top share in the MDax.

Citigroup analyst Vivek Midha gave the shares "Positive Catalyst Watch" status ahead of the presentation of the business figures on March 28, which means he expects good news from Jungheinrich. Jungheinrich offers an interesting tactical entry opportunity, said the expert, who raised his expectations for Jungheinrich's results and targets for the full year, referring to recent statements by competitor Kion and its recent strong order situation.

Meanwhile, Kion fell by 0.8 percent on Wednesday. Since the beginning of the year, however, they have also fared much better than Jungheinrich with an increase of more than a quarter, while Jungheinrich is currently still down around three percent for 2024./ajx/mis