Knorr-Bremse stock falls 2.17 percent as Citi cuts target

Published on 10/04/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Knorr-Bremse stock saw Citi cut its target from EUR 126 to EUR 123 on October 2, 2026, while retaining Buy. Q2 revenue reached EUR 2.143 billion.

Isometrische Illustration einer Fertigungskette für Bremskomponenten mit LKW und Zug — Isometrische 3D-Grafik zeigt Wertschöpfungskette der Bremstechnik für Knorr-Bremse AG, Aktie ISIN DE000KBX1006 börsennotiert, Illustration mit AI erstellt.

Knorr-Bremse stock fell 2.17 percent to EUR 99.20 on Xetra on October 2, 2026, as Citi cut its price target from EUR 126 to EUR 123. Markets Insider reports that Citi retained its Buy rating when making the October 2 adjustment.

Citi trims target but keeps Buy

The change narrows Citi's target by EUR 3, yet the new EUR 123 level remains EUR 23.80 above the Xetra reference price. That equals 24.0 percent above EUR 99.20, keeping the analyst view materially above the latest traded level.

A separate Finanznachrichten report dated September 28, 2026, says JPMorgan kept a Neutral rating and a EUR 108 price target ahead of the Q3 report scheduled for October 29, 2026. The gap between Citi's Buy and JPMorgan's Neutral stance puts execution and quarterly delivery at the center of the debate.

Q2 figures set the earnings base

Knorr-Bremse reported Q2 2026 revenue of EUR 2.143 billion, operating EBIT of EUR 305 million and free cash flow of EUR 294 million. The company also lists Q3 2026 financial results for October 29, 2026, making that date the next concrete operating checkpoint.

The earnings base is substantial enough to frame the target debate: Markets Insider separately reported quarterly revenue of EUR 2.16 billion and net profit of EUR 173 million for the quarter ended June 30, 2026, compared with EUR 2.00 billion and EUR 140 million in the prior-year quarter. The comparison points to higher sales and profit, while the differing operating and net-profit measures underline the importance of the exact reporting definition.

Consensus stays above EUR 119

A September 2026 MarketScreener consensus shows Moderate Buy from 15 analysts, with an average target of EUR 119.73. The highest target is EUR 133.00 and the lowest is EUR 95.00, so the range spans EUR 38.00 and includes both upside and downside scenarios around the current Xetra level.

Knorr-Bremse stock remains below its yearly high

Knorr-Bremse stock was last at EUR 99.20 on Xetra on October 2, 2026, with volume of 239,386 shares. Its 52-week range is EUR 77.40 to EUR 115.60, while market capitalization is EUR 16.0 billion as of the same date.