Knorr-Bremse (OTCMKTS:KNRRY) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

Knorr-Bremse (OTCMKTS:KNRRY – Get Rating) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a note issued to investors on Friday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on Knorr-Bremse from €75.00 ($79.79) to €69.00 ($73.40) in a report on Friday, December 9th. Jefferies Financial Group started coverage on Knorr-Bremse in a report on Monday, November 7th. They issued a “hold” rating for the company. Finally, Oddo Bhf upgraded Knorr-Bremse from a “neutral” rating to an “outperform” rating and set a €63.00 ($67.02) target price for the company in a report on Friday, November 18th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.43.

Knorr-Bremse Stock Performance

KNRRY opened at $17.52 on Friday. The business has a fifty day moving average of $16.13 and a 200 day moving average of $13.65. Knorr-Bremse has a 52-week low of $10.25 and a 52-week high of $20.50.

About Knorr-Bremse

(Get Rating)

Knorr-Bremse AG engages in the manufacture and sale of braking systems for rail and commercial vehicles. It operates through the Rail Vehicle Systems and Commercial Vehicle Systems segments. The Rail Vehicle Systems segment supplies products and services for local public transport vehicles, such as metros, light rail vehicles (LRV), freight cars, locomotives, regional and high-speed trains, and monorails.