Jefferies Moves Kion Group to Hold After Sharp Share Decline, Cites Limited Downside
Jefferies upgraded Kion Group AG from "underperform" to "hold" and lifted its price target to €56 from €51 after the stock fell about 24% year-to-date. The broker said the recent selloff, together with cautious 2026 guidance that already factors in a weak operating backdrop, trims near-term downside risk. Jefferies applied a 12x multiple to 2027 ea…