mwb research cuts target for KION stock to EUR 51.00

Published on 10/07/2026 at 14:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached EUR 5.69 billion, up 3.50 percent. KION stock was EUR 34.95 on October 7, 2026 versus its EUR 35.62 prior close.

Flatlay mit Aktienzertifikat, Karte, Zahnrädern, Helm und Spielzeug-Gabelstapler — KION Group (DE000KGX8881) inszeniert als Flatlay ein Aktienzertifikat, eine ISIN-Karte und typische Werkzeuge des Maschinenbaus, Illustration mit AI erstellt.

KION (ISIN DE000KGX8881) was trading at EUR 34.95 at Lang & Schwarz on October 7, 2026 at 2:32 p.m. CEST, down 1.88 percent versus the EUR 35.62 prior close. The immediate issue for the shares is a fresh analyst target cut, while first-half operating figures still show improvement.

Target falls to EUR 51.00

On October 5, 2026, FinanzNachrichten.de reported that mwb research cut its KION target from EUR 55.00 to EUR 51.00 and maintained a Buy rating. The note said the recovery was continuing but slower than modeled, with Industrial Trucks and Services still weighing on the outlook.

The revised target lies 45.92 percent above the Lang & Schwarz price. That gap is a valuation signal, but it does not remove the operating risks identified in the note.

Revenue grows in first half

KION's first-half 2026 revenue rose 3.50 percent to EUR 5.69 billion, while adjusted EBIT increased 12.00 percent to EUR 429.60 million. FinanzNachrichten.de published those figures on September 14, 2026, citing the company's 2026 half-year results.

The counterpoint was order intake of EUR 5.80 billion, down from EUR 6.20 billion in the first half of 2025. That 6.45 percent decline matters because it points to weaker future demand even as reported profitability improves.

Q3 date adds a near-term test

The mwb report expects KION's third-quarter adjusted EBIT to rise 10.00 percent year over year to EUR 209.00 million, while it expects reported earnings per share on October 29, 2026 to be weak. The same report identified volume and mix pressure in Industrial Trucks and Services and possible cost inflation extending into 2027.

Stock trades near yearly low

KION's EUR 34.95 Lang & Schwarz price was EUR 0.27 above the 52-week low of EUR 34.68 and EUR 35.50 below the 52-week high of EUR 70.45, both as of October 7, 2026. Market capitalization stood at EUR 4.6 billion on that date.

For investors, the picture is split between stronger first-half profitability and weaker order intake. The October 29 reporting date should provide the next quantified test of whether the recovery can broaden beyond the higher-margin parts of the business.

The further course of trading is shown by the continuously updated real-time quote of KION stock.