Kepler Cheuvreux sees Vossloh as safe haven, raises to 'buy'

Vossloh AG

11/03/2026 11:54

** Kepler Cheuvreux upgrades Vossloh VOSG.DE to "buy" from "hold" as it views the German rail infrastructure company's shares as a safe haven in times of uncertainty

** The broker says that since the start of the Iran war, Vossloh shares have sold off heavily, underperforming airlines like Lufthansa LHAG.DE

** However, Kepler Cheuvreux notes Vossloh sells safety-critical maintenance components that its government-funded clients cannot forgo and its revenue is not affected by geopolitical crises

** The broker cites the war in Ukraine as evidence that the company has very little exposure to oil and gas prices and expects the company to meet EBIT consensus estimates for Q4

** Shares of Vossloh are up 3.5%, making it the top mover of the German small-cap index .SDAXi

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))