Knorr-Bremse AG Updates Revenue Forecast Due to Euro Strength
Knorr-Bremse AG, a German company specializing in braking systems and other systems for rail and commercial vehicles, has revised its revenue forecast for the current year. The company attributes the decrease in revenue forecast to the strong Euro.
Key Updates
- Revenue forecast decreased due to the strong Euro
- Earnings prognosis and outlook for free cash flow remain unchanged
- Rail segment continues to drive company performance
- Commercial vehicle business struggles in the weak US market
Analyst Opinions
Analysts have mixed opinions on the company’s stock. Recommendations include:
- Buy: some analysts recommend purchasing the stock
- Hold/Sell: others advise holding or selling the stock
- Average target price: approximately 91.56 EUR
Market Impact
The company’s stock performance is subject to market fluctuations. Investors are advised to consider multiple factors before making investment decisions.