Citi cuts target for Knorr-Bremse stock to EUR 123.00

Published on 10/07/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 3.10 percent to EUR 4.08 billion. Knorr-Bremse stock costs EUR 101.65 on October 7, 2026 versus EUR 100.45.

Geometrisches Bauhaus-Poster mit Zug, LKW, Schiff und Flugzeug in Rot und Schwarz — Bauhaus-Poster mit geometrischen Formen und Transport-Motiv repräsentiert Knorr-Bremse AG, Aktie mit ISIN DE000KBX1006 gelistet, Illustration mit AI erstellt.

Knorr-Bremse (ISIN DE000KBX1006) was trading at EUR 101.65 at Lang & Schwarz on October 7, 2026 at 10:08 a.m. CEST, up 1.19 percent versus the prior close of EUR 100.45. On October 2, 2026, Citi cut its price target from EUR 126.00 to EUR 123.00 while keeping a Buy rating, as Goldesel reported.

Target cut meets stronger results

The revised target is EUR 3.00 below the previous mark, but it remains EUR 21.35 above the Lang & Schwarz price. That gap equals 20.99 percent relative to the market price, using both values in euros.

Knorr-Bremse delivered stronger first-half operating figures. According to the company results reported by Lok Report on September 17, 2026, revenue reached EUR 4.08 billion in the first half of 2026, up 3.10 percent from EUR 3.96 billion a year earlier.

Margin and backlog set the test

Operating EBIT rose 13.70 percent to EUR 566.00 million in the first half of 2026, while the operating EBIT margin increased to 13.90 percent from 12.60 percent. The order backlog reached EUR 7.89 billion, 7.70 percent above EUR 7.33 billion a year earlier, giving the commercial outlook a measurable cushion even as order intake slipped to EUR 4.43 billion from EUR 4.48 billion.

Knorr-Bremse raised its 2026 outlook to revenue of EUR 8.10 billion to EUR 8.30 billion and an operating EBIT margin of 14.00 percent to 14.50 percent. The same release set free cash flow guidance at EUR 750.00 million to EUR 850.00 million and linked the outlook to the company portfolio, including the duagon acquisition.

October results bring the next test

The investor-relations calendar lists third-quarter 2026 financial results for October 29, 2026, as shown on the Knorr-Bremse investor-relations page. That report will show whether the first-half margin gain is holding as the group moves toward its full-year target range.

At Lang & Schwarz, Knorr-Bremse was trading at EUR 101.65 on October 7, 2026 at 10:08 a.m. CEST, plus 1.19 percent versus the prior close of EUR 100.45 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Knorr-Bremse stock.