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Knorr-Bremse AG (KBX) Receives a Hold from J.P. Morgan

Tipranks - Tipranks - Wed Jan 14, 6:56AM CST

J.P. Morgan analyst Phil Buller maintained a Hold rating on Knorr-Bremse AG today and set a price target of €94.70.

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Buller covers the Industrials sector, focusing on stocks such as ABB Ltd, Schneider Electric, and Siemens. According to TipRanks, Buller has an average return of 19.6% and a 61.93% success rate on recommended stocks.

In addition to J.P. Morgan, Knorr-Bremse AG also received a Hold from Citi’s Vivek Midha in a report issued on January 9. However, on the same day, Deutsche Bank maintained a Buy 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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