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Knorr-Bremse Aktiengesellschaft (OTCMKTS:KNRRY) Price target reduced to €85.00


Knorr-Bremse Aktiengesellschaft (OTCMKTS: KNRRY – Get a rating) had its price target lowered by JPMorgan Chase & Co. from €90.00 ($95.74) to €85.00 ($90.43) in a report on Friday, reports The Fly. The brokerage currently has an “overweight” rating on the stock.

A number of other brokerages also weighed in on KNRRY. Morgan Stanley cut its price target on Knorr-Bremse Aktiengesellschaft from €82.00 ($87.23) to €75.00 ($79.79) and set an “equal weight” rating for the company in a research report of Tuesday, May 17. Citigroup upgraded Knorr-Bremse Aktiengesellschaft from a “neutral” rating to a “buy” rating in a Friday, June 10 research report. Finally, Berenberg Bank lowered its price target on Knorr-Bremse Aktiengesellschaft shares from €106.00 ($112.77) to €78.00 ($82.98) and set a “hold” rating for the company in a report on Wednesday, June 15. Three equity research analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.50.

Shares of Knorr-Bremse Aktiengesellschaft opened at $14.36 on Friday. The company has a 50-day moving average price of $16.76 and a 200-day moving average price of $20.46. Knorr-Bremse Aktiengesellschaft has a 12-month low of $13.87 and a 12-month high of $31.31.

Company Profile Knorr-Bremse Aktiengesellschaft (Get a rating)

Knorr-Bremse Aktiengesellschaft develops, produces, markets and services braking and other systems for rail and commercial vehicles worldwide. The Company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. It offers braking, entry and HVAC systems; power electricity and control technology; digital rail traffic optimization solutions, couplers; signaling systems; fixed and mobile test equipment; windscreen wiper and washing systems; and sanitary systems for public transport and long-distance rail vehicles.

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