MPCM cuts target for KION stock from EUR 58.00 to EUR 54.00

Published on 10/23/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBIT was EUR 203.00 million versus EUR 211.00 million consensus. KION stock costs EUR 33.86 on October 23, 2026, 1.99 percent above Xetra close.

Guidance reset and reporting date

MPCM cut its KION target from EUR 58.00 to EUR 54.00 on October 15, 2026.
KION lowered fiscal year 2026 revenue guidance to EUR 11,450.00-11,750.00 million from EUR 11,525.00-12,025.00 million.
KION stock trades at EUR 33.86 at 10:38 a.m. CEST at Lang & Schwarz on October 23, 2026, 1.99 percent above the Xetra close of October 22, 2026.
KION is scheduled to publish third-quarter 2026 results on October 29, 2026.

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KION Group stock (ISIN DE000KGX8881) trades at EUR 33.86 at Lang & Schwarz on October 23, 2026 at 10:38 a.m. CEST, up 1.99 percent versus the Xetra close of October 22, 2026 at EUR 33.20. The latest analyst move came from MPCM, which cut its KION price target from EUR 58.00 to EUR 54.00 on October 15, 2026, while retaining a Buy rating, according to finanzen.at.

Guidance falls after weaker orders

KION had already reduced its fiscal year 2026 outlook on October 14, 2026 after Industrial Trucks and Services order intake fell short in the third quarter. The company now expects revenue of EUR 11,450.00 million to EUR 11,750.00 million, versus EUR 11,525.00 million to EUR 12,025.00 million previously. Adjusted EBIT guidance fell to EUR 815.00 million to EUR 875.00 million from EUR 880.00 million to EUR 980.00 million, according to the Financial Times.

The preliminary third-quarter figures explain the reset. Revenue was EUR 2,835.00 million, in line with expectations, but adjusted EBIT was EUR 203.00 million against Vara Research consensus of EUR 211.00 million. Industrial Trucks and Services generated EUR 1,955.00 million of revenue and EUR 163.00 million of adjusted EBIT, below the EUR 175.00 million consensus.

What does the target cut signal?

MPCM analyst Stefan Augustin cited underused capacity in Industrial Trucks and Services as a burden for the final quarter and fiscal year 2027. The target still implies a higher valuation than the current Lang and Schwarz price, but the cut from EUR 58.00 to EUR 54.00 shows that the guidance reset has changed the near-term earnings debate.

Three dated KION milestones

On October 14, 2026, KION lowered fiscal year 2026 adjusted EBIT guidance to EUR 815.00 million to EUR 875.00 million. On October 15, 2026, MPCM reduced its target to EUR 54.00 from EUR 58.00. On October 23, 2026, the stock trades at EUR 33.86, 1.99 percent above the Xetra close.

Next reporting date

KION is scheduled to publish its third-quarter 2026 report on October 29, 2026, according to Placera. The release will show whether the preliminary EBIT shortfall was concentrated in Industrial Trucks and Services or broadened across the group.

Stock reaction and investor focus

The current market reaction is modestly positive against the October 22 Xetra close, despite the lower outlook and the delayed double-digit adjusted EBIT margin target beyond 2027. For investors, the October 29 report matters because order intake, segment EBIT and cash flow will test the assumptions behind the revised ranges.

KION stock was trading at EUR 33.86 at Lang & Schwarz on October 23, 2026 at 10:38 a.m. CEST, 1.99 percent above the Xetra close of October 22, 2026 at EUR 33.20. The further course of trading is shown by the continuously updated real-time quote of KION stock.