Jungheinrich "buy," target price reduced

10.03.08 - UniCredit Markets & Investment Banking

LONDON, March 10 (newratings.com) - Analyst Peter Rothenaicher of UniCredit Markets & Investment Banking maintains his "buy" rating on Jungheinrich AG (JUN3). The target price has been reduced from ?37.50 to ?33.50.

In a research note published this morning, the analyst mentions that the company has posted its 2007 EBIT marginally ahead of expectations. The performance of Jungheinrich?s new truck business was particularly robust, aided by strong international demand in the industrial truck sector, the analyst says.