Jungheinrich, DE0006219934

BofA cuts target for Jungheinrich stock from EUR 35 to EUR 21

Published on 10/08/2026 at 13:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue was EUR 2.67 billion. Jungheinrich stock costs EUR 20.89 on October 8, 2026, after first-half order intake of EUR 2.95 billion.

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Bank of America analyst Tore Fangmann cut Jungheinrich's rating to Underperform and reduced the price target from EUR 35.00 to EUR 21.00 on October 8, 2026, as reported by t-online. Jungheinrich stock was at EUR 20.89 at Lang & Schwarz on October 8, 2026 at 1:07 p.m. CEST.

BofA sees weaker recovery prospects

The downgrade changes the immediate valuation frame: the new EUR 21.00 target stands only EUR 0.11 above the Lang & Schwarz price. Fangmann said the European forklift market was unlikely to deliver a short-term recovery, citing high interest rates, inflation, Chinese competition and weak consumer demand, according to t-online.

The market reaction is therefore tied to expectations for demand rather than to a new company earnings release. It also contrasts with Berenberg's September 24, 2026 research view, which kept a Buy rating and a EUR 37.00 target, according to FinanzNachrichten.

Orders rise as profit weakens

Jungheinrich's first-half 2026 figures show a mixed operating picture. Order intake rose 7.70 percent to EUR 2.95 billion, while revenue increased to EUR 2.67 billion, according to Investing.com. The same report said EBIT fell from EUR 210.50 million to EUR 144.90 million and net income declined from EUR 139.00 million to EUR 73.20 million.

The comparison matters because the 7.70 percent order growth has not yet translated into stronger earnings. Investing.com attributed part of the pressure to EUR 33.80 million of one-off effects, including EUR 20.50 million related to the sale of the Russian subsidiary, as well as competition and pricing pressure.

Restructuring becomes the next test

The company is investing in automation while restructuring its cost base. Investing.com reported that Jungheinrich plans roughly EUR 100.00 million of investment over the coming years, has reduced its global workforce by roughly 1,000 positions and plans to close the Lüneburg plant by the end of 2027.

For investors, the central question is whether those measures can convert rising order intake into a recovery in EBIT. The gap between Berenberg's EUR 37.00 target and BofA's EUR 21.00 target shows how differently analysts assess the timing and durability of that recovery.

Jungheinrich stock stays under review

Jungheinrich stock was trading at EUR 20.89 at Lang & Schwarz on October 8, 2026 at 1:07 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Jungheinrich stock.