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UBS Sticks to Its Buy Rating for Knorr-Bremse AG (KBX)

Tipranks - Tipranks - Fri Feb 20, 5:08AM CST

UBS analyst Sven Weier maintained a Buy rating on Knorr-Bremse AG today and set a price target of €99.00.

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Weier covers the Industrials sector, focusing on stocks such as GEA Group AG, Rheinmetall, and Wartsila Oyj Abp. According to TipRanks, Weier has an average return of 14.8% and a 69.84% success rate on recommended stocks.

In addition to UBS, Knorr-Bremse AG also received a Buy from Jefferies’s Lucas Ferhani in a report issued today. However, on the same day, J.P. Morgan maintained a Hold rating on Knorr-Bremse AG (XETRA: KBX).

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Based on Knorr-Bremse AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €1.88 billion and a net profit of €143 million. In comparison, last year the company earned a revenue of €1.91 billion and had a net profit of €129.94 million

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