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

Tipranks - Tipranks - Wed Jan 21, 9:36PM CST

UBS analyst Andre Kukhnin maintained a Buy rating on Knorr-Bremse AG yesterday. The company’s shares closed yesterday at €96.65.

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According to TipRanks, Kukhnin is a 4-star analyst with an average return of 9.1% and a 67.89% success rate. Kukhnin covers the Industrials sector, focusing on stocks such as Schneider Electric, Siemens, and Alstom SA.

In addition to UBS, Knorr-Bremse AG also received a Buy from Goldman Sachs’s Daniela Costa in a report issued on January 15. However, yesterday, Warburg Research downgraded Knorr-Bremse AG (XETRA: KBX) to a Hold.

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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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