NEW YORK (dpa-AFX Broker) - U.S. bank JPMorgan downgraded Kion to "neutral" from "overweight" and cut its price target to 40.00 euros from 43.70 euros. Analyst Akash Gupta advised investors to take profits after the stock's recent above-average run, in a report available Thursday. Looking at the forklift manufacturer's fourth-quarter results, he is skeptical and expresses this with a "negative catalyst watch" status on the shares. Gupta expects a period of consolidation, and the 2023 outlook could disappoint./ag/mis

Publication of the original study: 11.01.2023 / 22:08 / GMT

First disclosure of the original study: 12.01.2023 / 00:15 / GMT

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