Knorr-Bremse stock falls 2.14 percent as targets diverge

Published on 09/28/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Knorr-Bremse stock was trading at EUR 105.40 on September 28, 2026, while Bank of America lifted its target to EUR 133. Q2 operating EBIT reached EUR 305 million.

Extreme Nahaufnahme einer belüfteten Bremsscheibe mit feinen Metallrillen — Makroaufnahme einer gebürsteten Metall-Bremsscheibe steht für Knorr-Bremse AG, Aktie mit ISIN DE000KBX1006 an der Börse, Illustration mit AI erstellt.

Knorr-Bremse stock (ISIN DE000KBX1006) was trading at EUR 105.40 on Xetra on September 28, 2026 at 12:41 p.m. CEST, down 2.14 percent from the prior close of EUR 107.70. The latest analyst debate centers on a EUR 133 target from Bank of America and a more cautious EUR 108 view from JPMorgan.

Targets span EUR 108 to EUR 133

According to Investing.com on September 18, 2026, Bank of America raised its Knorr-Bremse price target from EUR 130 to EUR 133, citing faster progress in the Chinese rail business and better margin prospects.

The same Investing.com report puts the analyst consensus at EUR 119.73, while JPMorgan retained a Neutral rating and a EUR 108 target on September 16, 2026. The spread between those targets gives the stock a clear execution test rather than a uniform bullish signal.

Q2 figures support the upside case

Knorr-Bremse's investor-relations page reports Q2 2026 revenue of EUR 2.143 billion, operating EBIT of EUR 305 million and free cash flow of EUR 294 million, figures that underpin the operating case for the shares. The page also lists the Q3 2026 financial results for October 29, 2026, giving investors a defined next checkpoint.

The Q2 operating EBIT margin was 14.2 percent, while order intake reached EUR 2.2 billion and the order backlog stood at EUR 7.9 billion, according to Investing.com. Those operating figures contrast with JPMorgan's September 16 assessment that US truck order options for 2026 were exhausted ahead of potentially higher costs from 2027 emissions rules.

Stock stays below the yearly high

At EUR 105.40, the stock was EUR 10.20 below its 52-week high of EUR 115.60 and EUR 28.00 above its 52-week low of EUR 77.40 on September 28, 2026. Market capitalization stood at EUR 17.0 billion and trading volume reached 19,984 shares at the same snapshot.

Berenberg maintained a Buy rating and a EUR 125 price target on September 25, 2026, according to Finanznachrichten. The combination of operational delivery, China rail expectations and US truck uncertainty leaves the October results as the next measurable test of the competing target cases.

EUR 105.40 marks the current reference

Knorr-Bremse stock was last at EUR 105.40 on Xetra on September 28, 2026 at 12:41 p.m. CEST, with the session range at EUR 105.40 to EUR 108.50 and a daily change of negative 2.14 percent.