Deutsche Bank cuts target for KION stock to EUR 60

Published on 10/06/2026 at 16:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein sets a EUR 56.00 target on October 5, 2026. KION stock costs EUR 36.06 on October 6, 2026 after EUR 35.89.

Aquarellmalerei der Frankfurter Skyline mit Fluss bei Sonnenuntergang — KION Group (DE000KGX8881) präsentiert die Frankfurter Skyline als stimmungsvolles Aquarellgemälde bei goldenem Abendlicht, Illustration mit AI erstellt.

KION stock (ISIN DE000KGX8881) was last at EUR 36.06 on the Frankfurt listing on October 6, 2026 at 4:15 p.m. CEST, versus a prior close of EUR 35.89. Deutsche Bank Research cut its KION target from EUR 63.00 to EUR 60.00 on October 5, 2026, but kept its Buy rating, according to wallstreetONLINE.

Targets fall as orders soften

The Deutsche Bank note cited disappointing comments from a company call ahead of quarterly results and subdued order momentum. That combination explains the lower target even though the bank retained its positive rating.

Bernstein Research also cut its KION target, from EUR 58.00 to EUR 56.00, on October 5, 2026, while keeping an Outperform rating. The analyst view expects the quarterly results to provide limited support for the stock, according to finanzen.ch.

Half-year figures show a split

KION reported revenue of EUR 5.687 billion for the first half of 2026, while adjusted EBIT reached EUR 429.6 million. The figures were accompanied by lower order intake of EUR 5.8 billion, compared with EUR 6.2 billion in the first half of 2025, according to Aktien-Global.

The operating mix remains important. Industrial Trucks and Services generated EUR 4.07 billion of first-half revenue, while Intelligent Automation Solutions generated EUR 1.62 billion, according to the same half-year analysis. The contrast leaves investors weighing improving profitability against weaker demand signals.

Stock stays near its yearly low

The EUR 36.06 substitute price sits inside the finance quote's EUR 34.76 to EUR 70.45 52-week range as of October 6, 2026. KION's market capitalization was EUR 4.7 billion on the same date, giving the target cuts a clear valuation context without changing the underlying operational risks.

KION's official share information identifies Frankfurt as its stock exchange, KGX as its abbreviation and MDAX membership, according to KION GROUP AG. The company's investor-relations page also lists information on the second quarter of 2026, linking the analyst debate to the latest reported interim period.

Frankfurt quote and investor perspective

KION was last at EUR 36.06 on the Frankfurt listing on October 6, 2026 at 4:15 p.m. CEST, up 0.47 percent versus the EUR 35.89 prior close. The combination of EUR 5.8 billion first-half order intake and EUR 429.6 million adjusted EBIT leaves order momentum as the key counterweight to the improved earnings figure.