Citi cuts target for Knorr-Bremse stock from EUR 126.00 to EUR 123.00

Published on 10/06/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached EUR 2.16 billion, up from EUR 2.00 billion. Knorr-Bremse stock costs EUR 99.85 on October 6, 2026 after EUR 98.73.

Extreme Nahaufnahme einer belüfteten Bremsscheibe mit feinen Metallrillen — Makroaufnahme einer gebürsteten Metall-Bremsscheibe steht für Knorr-Bremse AG, Aktie mit ISIN DE000KBX1006 an der Börse, Illustration mit AI erstellt.

Knorr-Bremse (ISIN DE000KBX1006) was trading at EUR 99.85 at Lang & Schwarz on October 6, 2026 at 10:29 a.m. CEST, up 1.13 percent from the prior close of EUR 98.73. On October 2, 2026, Citi cut its price target from EUR 126.00 to EUR 123.00 while keeping a Buy rating, according to Markets Insider.

Citi trims target but keeps Buy

The target reduction equals 2.38 percent from the previous EUR 126.00 level, but the new EUR 123.00 target still stands 23.28 percent above the Lang & Schwarz price. That gap gives the analyst action more weight than the modest intraday gain, while the unchanged Buy rating preserves a constructive view of the rail and commercial vehicle supplier.

J.P. Morgan took a more cautious position on September 28, 2026, maintaining a Hold rating and a EUR 108.00 target, according to Markets Insider. Its target is 8.16 percent above the reference price, a narrower margin than Citi's target.

Second-quarter revenue rises

Knorr-Bremse reported second-quarter revenue of EUR 2.16 billion and net profit of EUR 173 million for the quarter ended June 30, 2026, according to Markets Insider. Revenue compared with EUR 2.00 billion in the prior-year quarter, while net profit increased from EUR 140 million, making operating execution the key counterweight to the mixed analyst targets.

The company's investor-relations page lists second-quarter revenue of EUR 2.143 billion, operating EBIT of EUR 305 million and free cash flow of EUR 294 million, all for the second quarter of 2026, according to Knorr-Bremse. The figures point to a business where cash generation and operating profit remain central to the valuation debate.

Q3 results set for October 29

Knorr-Bremse's investor-relations calendar schedules its third-quarter 2026 financial results for October 29, 2026. The upcoming report will give investors a fresh test of revenue momentum, operating EBIT and free cash flow after the second-quarter figures.

Stock remains below yearly high

Knorr-Bremse stock was trading at EUR 99.85 at Lang & Schwarz on October 6, 2026 at 10:29 a.m. CEST, compared with a prior close of EUR 98.73 on October 5, 2026. The 52-week range is EUR 77.40 to EUR 115.60, placing the price 13.65 percent below the high and 29.00 percent above the low. The further course of trading is shown by the continuously updated real-time quote of Knorr-Bremse stock.