Jefferies raises target for Knorr-Bremse stock: it falls 2.64 percent
Published on 10/20/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and operating data
- Jefferies lifted its target from EUR 125.00 to EUR 126.00 on October 9, 2026.
- First-quarter 2026 revenue reached EUR 937.0 million, while operating EBIT was EUR 261.0 million.
- Knorr-Bremse stock traded at EUR 95.95 at 10:09 a.m. CEST at Lang & Schwarz on October 20, 2026, 2.64 percent below the Xetra close of October 19, 2026.
Knorr-Bremse stock (ISIN DE000KBX1006) was trading at EUR 95.95 at Lang & Schwarz on October 20, 2026 at 10:09 a.m. CEST, down 2.64 percent versus the Xetra close of October 19, 2026 at EUR 98.55. The latest analyst move came from Jefferies, which raised its target from EUR 125.00 to EUR 126.00 while keeping a Buy rating on October 9, 2026, according to MarketScreener.
Quarterly figures set the base
Knorr-Bremse's first-quarter 2026 revenue was EUR 937.0 million, operating EBIT was EUR 261.0 million and free cash flow was EUR 32.0 million, according to the company's investor-relations page dated to the Q1 2026 reporting period. The figures give the stock a current operating reference ahead of the next quarterly update. The company supplies braking and other safety-critical systems for rail and commercial vehicles.
What does the target increase mean?
Jefferies' EUR 1.00 target increase was modest, but its EUR 126.00 target stands EUR 30.05 above the Lang & Schwarz price. The same research note cited weakness in European rail freight and regulatory uncertainty in the U.S. trucking market as short-term risks, while pointing to a well-filled order book and the possibility of stronger incoming orders, according to FinanzNachrichten.
Three recent milestones
The June 30, 2026 reporting period produced quarterly revenue of EUR 2.16 billion and net profit of EUR 173 million, compared with EUR 2.00 billion and EUR 140 million a year earlier, according to Markets Insider. Morgan Stanley cut its target from EUR 118.00 to EUR 117.00 on October 6, 2026, while Jefferies moved from EUR 125.00 to EUR 126.00 on October 9, 2026.
Dates for the next update
The next substantiated date is October 28, 2026, when Knorr-Bremse is scheduled to release third-quarter results. Jefferies expects results to meet expectations and incoming orders to offer potential upside, while the current market price remains below its EUR 126.00 target.
Price remains below the target
The finance data snapshot puts Knorr-Bremse's market capitalization at EUR 15.4 billion on October 20, 2026, with a 52-week range of EUR 77.50 to EUR 115.60. That range places the current euro quotation inside the year's observed band, while the daily move leaves the stock below the Xetra close.
Knorr-Bremse was trading at EUR 95.95 at Lang & Schwarz on October 20, 2026 at 10:09 a.m. CEST, 2.64 percent below the Xetra close of October 19, 2026 at EUR 98.55. The further course of trading is shown by the continuously updated real-time quote of Knorr-Bremse stock.
Knorr-Bremse stock key data
- Company: Knorr-Bremse AG
- ISIN: DE000KBX1006
- WKN: KBX100
- Ticker: KBX
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 20, 2026, 10:09 a.m. CEST): EUR 95.95
- Change versus Xetra close: minus 2.64 percent
- Xetra close (October 19, 2026): EUR 98.55
- Market capitalization: EUR 15.4 billion (as of October 20, 2026)
- 52-week range: EUR 77.50-EUR 115.60 (as of October 20, 2026)
- Sector / Industry: Industrials / Heavy Machinery and Vehicles
- Index membership: MDAX
- Next earnings date: October 28, 2026
Market context: Market report DAX.
