Knorr-Bremse on J.P.Morgan positive catalyst watch for Q2 results, guidance upgrade

Knorr Bremse AG

16/07/2026 09:54

** J.P.Morgan places German vehicle braking systems maker Knorr-Bremse KBX.DE on "positive catalyst watch", expecting good Q2 results and potential guidance upgrade
** The broker maintains its €108 price target and the "neutral" rating, as it sees the stock as fairly valued
** "We see a more favourable risk/reward into the print," JPMorgan says, with its Q2 sales and adjusted EBIT estimates 3% and 4% above consensus, respectively
** The broker notes that stronger North American truck orders could lift the commercial vehicle business in H2, given the region's higher profitability
** It sees a potential for an upgrade of adjusted EBIT margin guidance to about 14%
** JPMorgan says that the company will also announce new medium-term targets it views as supportive of consensus, though the market may view them as conservative given a potential Q2 beat and guidance upgrade  
** The stock has gained 6.6% YTD​

($1 = 0.8720 euros)

 (Reporting by Kira Britten)
 ((Kira.britten@thomsonreuters.com))