Jefferies upgraded Knorr-Bremse (KNRRY) to Buy from Neutral with a price target of EUR 91, up from EUR 82. The firm is “increasingly positive” on the earnings delivery over 2025 and 2026 as the rail segment benefits from strong tailwinds and is no longer seeing headwinds in China, while the trucks cycle is “showing signs of inflection,” the analyst tells investors.
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