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Jefferies Keeps Their Buy Rating on Knorr-Bremse AG (KBX)

Tipranks - Tipranks - Thu Feb 5, 2:10AM CST

In a report released today, Lucas Ferhani from Jefferies maintained a Buy rating on Knorr-Bremse AG, with a price target of €117.00.

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According to TipRanks, Ferhani is a 4-star analyst with an average return of 13.3% and a 68.75% success rate. Ferhani covers the Industrials sector, focusing on stocks such as Siemens Energy, KION GROUP AG, and Jungheinrich.

In addition to Jefferies, Knorr-Bremse AG also received a Buy from UBS’s Andre Kukhnin in a report issued on January 20. However, on January 26, DZ BANK AG 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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