Daniela Costa, an analyst from Goldman Sachs, has initiated a new Buy rating on Knorr-Bremse AG (KBX).
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Daniela Costa’s rating is based on Knorr-Bremse’s strong position as a leading manufacturer in the braking systems industry, particularly for rail and commercial vehicles. The company holds a significant global market share, commanding 50% in the rail sector and 30% in the truck sector, which highlights its dominance and competitive advantage in these markets.
Additionally, Knorr-Bremse’s resilient profit margins and potential for accelerated growth contribute to the positive outlook. The 12-month price target of €108 suggests a potential upside of approximately 23%, reinforcing the Buy recommendation. These factors collectively underscore the company’s robust market position and growth prospects, making it an attractive investment opportunity.
In another report released on November 28, Warburg Research also maintained a Buy rating on the stock with a €95.00 price target.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KBX in relation to earlier this year.