Knorr-Bremse stock: JPMorgan trims target, keeps Neutral rating
Published on 11/06/2026 at 17:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBroker target signals caution
- JPMorgan cut its Knorr-Bremse price target after reviewing the latest quarterly results and outlook.
- The bank lowered its 2027 operating earnings forecast while keeping its Neutral rating unchanged.
- Rail order intake remains a key execution issue for the company after the third-quarter update.
JPMorgan lowered its price target for Knorr-Bremse from 108 euros to 106 euros on Thursday, November 5, while keeping its Neutral rating unchanged. The adjustment followed the company's third-quarter report and a review of its outlook, according to ad-hoc-news.de.
Lower earnings assumptions weigh
JPMorgan analyst Akash Gupta reduced the forecast for Knorr-Bremse's 2027 operating earnings after the third quarter came in weaker than expected and in light of the company's outlook. The target cut therefore changes the bank's valuation reference, but not its overall stance on the shares.
The latest quarterly update showed stronger margins and cash flow, while Rail order intake remained below expectations. For investors, execution in the Rail division and delivery against the company's 2026 outlook remain central to the next assessment of earnings momentum.
Knorr-Bremse stock traded at 94.48 euros on Lang & Schwarz at 17:41 CET on Friday, November 6, 2026, 0.14 percent above the Xetra close of Friday, November 6, at 94.35 euros. The real-time quote of Knorr-Bremse stock provides the latest trading indication.
Knorr-Bremse at a glance
- Company: Knorr-Bremse AG
- ISIN: DE000KBX1006
- Xetra ticker: KBX
- Lang & Schwarz quote: 94.48 euros at 17:41 CET on November 6, 2026
- Xetra close: 94.35 euros on November 6, 2026
- JPMorgan target: 106 euros, Neutral
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.
