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Warburg Research GmbH upgrades Knorr-Bremse AG - Depositary Receipt to Buy from Hold

· Nasdaq

Fintel reports that on September 18, 2026, WARBURG RESEARCH GMBH upgraded their outlook for Knorr-Bremse AG - Depositary Receipt (OTCPK:KNRRY) (DB:KBXA) from Hold to Buy.

This upgrade follows a prior action by WARBURG RESEARCH GMBH on April 8, 2026, when the firm downgraded the company from Buy to Hold. Knorr-Bremse AG, headquartered in Munich, Germany, is a prominent player in the global transportation industry, particularly specializing in the production of braking systems for rail and commercial vehicles. As an industry leader, the company has consistently spearheaded innovations in braking technology, contributing to safer, more efficient transportation solutions. Key projects include the development of advanced driver-assistance systems (ADAS) to enhance vehicle safety and performance. Additionally, Knorr-Bremse is actively involved in the transition toward sustainable transportation, working on projects related to energy-efficient systems and electrification. This strategic focus not only solidifies its market position but also ensures it remains at the forefront of technological advancements in the transportation sector.

Separately, aggregate consensus target data shows a current consensus target mean of $33.19 and a current consensus target median of $33.70, both recorded as of June 11, 2026. This represents a consensus target revision percent of +12.88% compared to the prior consensus target mean of $29.40 recorded on February 25, 2026.

For the current recommendation period of September 1, 2026, the aggregate recommendation data shows a total of 21 recommendations. These include 7 strong buy, 9 buy, 4 hold, and 1 sell recommendations, resulting in a positive percentage of 76.2%, a hold percentage of 19.0%, and a negative percentage of 4.8%. This compares to the prior recommendation period of August 1, 2026, which also had a total of 21 recommendations, consisting of 6 strong buy, 9 buy, 5 hold, and 1 sell recommendations. The prior period's distribution reflected a positive percentage of 71.4%, a hold percentage of 23.8%, and a negative percentage of 4.8%.

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This story originally appeared on Fintel.