mwb cuts target for KION stock from EUR 55 to EUR 51

Published on 10/09/2026 at 14:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KION's first-half revenue rose 3.50 percent to EUR 5.69 billion. KION stock costs EUR 33.97 on October 9, 2026 after EUR 33.63, plus 1.01 percent.

Key points in brief

mwb research cut its KION target from EUR 55.00 to EUR 51.00 on October 5, 2026 and retained Buy.
First-half 2026 revenue rose 3.50 percent to EUR 5.69 billion, while adjusted EBIT reached EUR 429.60 million.
KION stock was trading at EUR 33.97 at Lang & Schwarz on October 9, 2026, plus 1.01 percent versus EUR 33.63.
KION is listed on Xetra and belongs to the MDAX; third-quarter figures are scheduled for October 29, 2026.

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KION stock was trading at EUR 33.97 at Lang & Schwarz on October 9, 2026 at 2:43 p.m. CEST, up 1.01 percent on the prior close. The latest analyst signal came on October 5, 2026, when mwb research cut its KION target from EUR 55.00 to EUR 51.00 and retained its Buy rating, citing a slower recovery ahead of the third-quarter report.

Target cut reflects mixed recovery

According to FinanzNachrichten.de, mwb expects third-quarter adjusted EBIT of EUR 209.00 million and an adjusted EBIT margin of 7.40 percent. The research also identifies Industrial Trucks & Services as the drag, while Intelligent Automation Solutions is expected to deliver stronger growth.

The valuation message is therefore split. The target cut of EUR 4.00 equals 7.27 percent, calculated against the former EUR 55.00 target, while the new EUR 51.00 target remains 50.13 percent above the Lang & Schwarz price of EUR 33.97.

Three milestones frame the setup

On April 30, 2026, mwb research described KION's first-quarter profitability as strong and cited order momentum. On July 30, 2026, its update said the second quarter confirmed a recovery despite weaker order optics. On October 5, 2026, the same research house cut the target to EUR 51.00 as IAS carried the quarter and ITS limited the year.

Company figures point to a meaningful operating comparison. According to KION, first-half 2026 revenue rose 3.50 percent to EUR 5.69 billion, while adjusted EBIT increased nearly 12.00 percent to EUR 429.60 million. The first-half order intake fell to EUR 5.80 billion from EUR 6.20 billion, creating the counterweight to the margin improvement.

What does the target cut mean?

The key test is whether the expected third-quarter adjusted EBIT of EUR 209.00 million can support the full-year adjusted EBIT outlook of EUR 880.00 million to EUR 980.00 million. The next report is scheduled for October 29, 2026, according to ResearchHub, which also flags a possible decline in reported earnings per share because of a higher tax rate.

Stock remains below its yearly high

KION stock was trading at EUR 33.97 at Lang & Schwarz on October 9, 2026 at 2:43 p.m. CEST, plus 1.01 percent versus the prior close of EUR 33.63. The Lang & Schwarz quote sits within the EUR 32.70 to EUR 70.45 52-week range, while the primary Xetra listing had a market capitalization of EUR 4.5 billion at the latest quote.

The further course of trading is shown by the continuously updated real-time quote of KION stock.