Knorr-Bremse stock: JPMorgan cuts target to 106 euros
Published on 11/06/2026 at 12:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSJPMorgan trims target, keeps Neutral
- JPMorgan reduced its Knorr-Bremse price target after reviewing the latest quarterly performance and outlook.
- The bank retained its Neutral rating while lowering its forecast for 2027 operating earnings.
- The stock traded below the previous Xetra close during Friday morning trading.
JPMorgan lowered its price target for Knorr-Bremse from 108 euros to 106 euros on Thursday, November 5, while retaining its Neutral rating. The bank's assessment was reported by finanzen.ch.
According to the report, JPMorgan analyst Akash Gupta lowered the forecast for Knorr-Bremse's 2027 operating earnings after the company's third quarter came in weaker than expected and in light of the outlook. The rating itself was unchanged at Neutral, leaving the revised target as the main adjustment in the note.
Target cut keeps rating neutral
The assessment gives investors a more cautious earnings reference after the quarterly update. It does not amount to a change in JPMorgan's overall stance, but the lower target signals reduced expectations for future operating profit under the analyst's revised assumptions.
Knorr-Bremse stock traded at 93.60 euros on Lang & Schwarz at 12:10 CET on Friday, November 6, 2026, 2.30 percent below the Xetra close of Thursday, November 5, at 95.80 euros. The comparison uses the previous Xetra session because Friday's trading session was still under way.
For investors, the key issue is whether the company's operating performance can support the earnings path assumed in current analyst models. JPMorgan's unchanged Neutral rating suggests that the bank sees a balanced risk profile despite the lower target.
The real-time quote of Knorr-Bremse stock provides the latest trading indication.
German equities traded within the broader DAX market environment.
More news and analyses on Knorr-Bremse stock remain available for investors tracking the earnings outlook.
Knorr-Bremse AG
- Company: Knorr-Bremse AG
- ISIN: DE000KBX1006
- Ticker: KBX
- Trading venue: Lang & Schwarz
- Price: 93.60 euros at 12:10 CET on November 6, 2026
- Change: 2.30 percent below the Xetra close of November 5, 2026
- Xetra close: 95.80 euros on November 5, 2026
- Analyst view: JPMorgan Neutral
- Price target: 106 euros
