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Knorr-Bremse AG (KBX) was downgraded to a Hold Rating at DZ BANK AG

Tipranks - Tipranks - Tue Jan 27, 8:00PM CST

Knorr-Bremse AG received a Hold rating and price target from DZ BANK AG analyst Holger Schmidt yesterday.

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Schmidt covers the Industrials sector, focusing on stocks such as Rheinmetall, HENSOLDT AG, and Airbus Group SE. According to TipRanks, Schmidt has an average return of 29.5% and an 81.33% success rate on recommended stocks.

In addition to DZ BANK AG, Knorr-Bremse AG also received a Hold from Warburg Research’s Fabio Holscher in a report issued on January 20. However, on the same day, UBS 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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