HAMBURG (dpa-AFX) - The private bank Berenberg has raised its target price for Knorr-Bremse from 79 to 80 euros after the announcement of an acquisition and left its rating at "Buy". The acquisition of Alstom's conventional rail signaling business in North America underpins the brake manufacturer's ambitions to move from being a systems supplier for rail vehicles to a provider of complete systems, analyst Yasmin Steilen wrote in a study published on Monday. She also welcomed the fact that the profitability of this business is somewhat higher than Knorr's previous activities in this area./gl/ck

Publication of the original study: 22.04.2024 / 09:38 / GMT

First disclosure of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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