Jefferies raises target for Knorr-Bremse stock from EUR 125 to EUR 126

Published on 10/19/2026 at 10:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 2026 revenue reached EUR 1.94 billion. Knorr-Bremse stock costs EUR 98.55 on October 19, 2026, 0.95 percent below the Xetra close.

Analyst targets and results date

Jefferies raised its Knorr-Bremse target from EUR 125.00 to EUR 126.00 on October 9, 2026.
First-quarter 2026 revenue reached EUR 1.94 billion, while operating EBIT was EUR 261.00 million.
Knorr-Bremse stock trades at EUR 98.55 at 10:10 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.95 percent below the Xetra close of October 16, 2026.

Aquarellbild der Münchner Skyline mit modernem Bürogebäude am Flussufer — Aquarellmalerei zeigt Münchner Stadtsilhouette nahe Firmensitz von Knorr-Bremse AG, Aktie mit ISIN DE000KBX1006 gelistet, Illustration mit AI erstellt.

Knorr-Bremse (ISIN DE000KBX1006) was trading at EUR 98.55 at Lang & Schwarz on October 19, 2026 at 10:10 a.m. CEST, 0.95 percent below the Xetra close of October 16, 2026 (EUR 99.50). On October 9, Finanznachrichten reported that Jefferies raised its price target from EUR 125.00 to EUR 126.00 and kept a Buy rating.

What did Jefferies change?

The target increase was modest, but the analyst view rested on a specific operating argument. Jefferies cited well-filled order books and expected third-quarter results to meet expectations, while order intake could provide a positive surprise, according to Finanznachrichten on October 9, 2026.

The counter-factor was also clear. The same analysis pointed to weakness in European rail freight and regulatory uncertainty affecting the US truck market, leaving the near-term share reaction below the target revision.

Three target changes set context

On September 29, 2026, Deutsche Bank Research maintained a Buy rating with a EUR 118.00 target, as reported by Finanznachrichten. On September 30, 2026, Warburg Research raised its target from EUR 130.00 to EUR 131.00 and kept Buy, according to Finanznachrichten.

Jefferies followed on October 9 with the EUR 125.00 to EUR 126.00 increase. The sequence shows a broadly constructive analyst tone, although the targets differ materially and do not remove the industry risks cited in the latest note.

What dates matter for results?

The next scheduled company event is the third-quarter report on October 29, 2026, a date cited in the preview from JPMorgan that kept a EUR 108.00 Neutral target, according to Finanznachrichten.

Knorr-Bremse's latest reported operating snapshot comes from the first quarter of 2026. The company's investor-relations page lists revenue of EUR 1.94 billion, operating EBIT of EUR 261.00 million and free cash flow of EUR 32.00 million for that period, according to Knorr-Bremse.

Stock stays below the Xetra close

The Lang & Schwarz quote puts the stock EUR 0.95 below the October 16 Xetra close, leaving the market price below all of the latest analyst targets cited above. The next results date gives investors a concrete checkpoint for testing the order-book and order-intake assumptions behind the target increases.

Knorr-Bremse stock was trading at EUR 98.55 at Lang & Schwarz on October 19, 2026 at 10:10 a.m. CEST, 0.95 percent below the Xetra close of October 16, 2026 (EUR 99.50). The further course of trading is shown by the continuously updated real-time quote of Knorr-Bremse stock.