DZ Bank cuts KION target to EUR 47.00: KION stock trades 51.81 percent below its high

Published on 10/19/2026 at 10:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DZ Bank cut its KION target from EUR 59.00 to EUR 47.00 on October 16, 2026. KION stock costs EUR 33.95 on October 19, 2026 versus Xetra close.

Analyst view and reporting calendar

DZ Bank cut its KION target from EUR 59.00 to EUR 47.00 on October 16, 2026.
Preliminary adjusted EBIT for the third quarter was EUR 203.00 million versus EUR 211.00 million consensus on October 14, 2026.
KION stock trades at EUR 33.95 at 10:15 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.41 percent below the Xetra close of October 16, 2026.
KION will publish its third-quarter results on October 29, 2026.

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KION stock (ISIN DE000KGX8881) was trading at EUR 33.95 at Lang & Schwarz on October 19, 2026, at 10:15 a.m. CEST, 0.41 percent below the Xetra close of October 16, 2026 at EUR 34.09. DZ Bank cut its fair value for KION from EUR 59.00 to EUR 47.00 on October 16, 2026, while retaining its Buy rating, according to finanzen.ch.

Target cut follows weaker data

The DZ Bank note cited weaker Industrial Trucks and Services orders and underutilization after KION lowered its annual targets. At EUR 47.00, the target stands 38.44 percent above the Lang & Schwarz price of EUR 33.95, calculated in the same currency.

KION's preliminary adjusted EBIT for the third quarter was EUR 203.00 million, below the EUR 211.00 million Vara Research consensus. The company also indicated preliminary revenue of EUR 2,835.00 million and free cash flow of EUR 100.00 million for the quarter.

What does the target cut signal?

The central issue is execution in the industrial-truck business rather than demand across every division. KION said the revised outlook followed third-quarter order intake in Industrial Trucks and Services that did not develop as expected, while Intelligent Automation Solutions was guided to adjusted EBIT of EUR 66.00 million against revenue of EUR 890.00 million, according to the Financial Times.

Three dated KION milestones

On July 30, 2026, KION reported second-quarter revenue of EUR 2.92 billion and net income of EUR 112.20 million, compared with EUR 2.71 billion and EUR 94.50 million a year earlier, according to Markets Insider. On October 14, 2026, KION reduced its fiscal 2026 adjusted EBIT outlook to EUR 815.00 million to EUR 875.00 million from EUR 880.00 million to EUR 980.00 million. On October 16, 2026, DZ Bank lowered its target from EUR 59.00 to EUR 47.00 while keeping Buy.

Next reporting dates

KION will publish its third-quarter 2026 report on October 29, 2026, according to the Financial Times. Simply Wall St lists March 4, 2027, for KION's fiscal 2026 results, according to Simply Wall St.

Stock remains near its yearly low

The EUR 33.95 quote is EUR 2.07 above KION's 52-week low of EUR 31.88 and EUR 36.50 below its EUR 70.45 high, both as of October 19, 2026. The market capitalization was EUR 4.4 billion on that date.

KION stock was trading at EUR 33.95 at Lang & Schwarz on October 19, 2026, at 10:15 a.m. CEST, 0.41 percent below the Xetra close of October 16, 2026 at EUR 34.09. The further course of trading is shown by the continuously updated real-time quote of KION stock.