Barclays Lowers Price Target on Jungheinrich to €36, Maintains Overweight Rating

Barclays analysts have downgraded their price target on Jungheinrich to €36 from €45, while maintaining an Overweight rating on the stock.

The downgrade reflects the analysts' view that the company's earnings will be impacted by the ongoing supply chain disruptions, rising input costs, and a slowdown in the global economy.

Jungheinrich is a leading global manufacturer of forklifts and other material handling equipment. The company has been facing a number of challenges in recent months, including the ongoing supply chain disruptions caused by the COVID-19 pandemic, rising input costs, and a slowdown in the global economy.

In a research note published on Wednesday, Barclays analysts said that they expect Jungheinrich's earnings to be impacted by these challenges in the coming quarters. The analysts lowered their price target on the stock to €36 from €45, but maintained an Overweight rating on the stock.

The analysts said that they believe that Jungheinrich is well-positioned to navigate the current challenges and emerge as a stronger company in the long term. However, they said that they expect the company's earnings to be impacted in the near term.

Jungheinrich shares were trading down 2.5% at €33.50 on Wednesday morning.