FRANKFURT (dpa-AFX) - Deutsche Bank Research has upgraded Knorr-Bremse from "hold" to "buy" in light of China's reopening and raised its price target from EUR 62 to EUR 68. In 2022, the China market had been a heavy burden on the shares of the rail and commercial vehicle brake manufacturer, but henceforth it should be a big beneficiary of the easing, analyst Gael de-Bray wrote in a research note presented on Monday. In addition, he added, there is strong demand in the markets in the U.S. and Europe./tih/ck

Publication of the original study: 09.01.2023 / Time not specified in study / CET First disclosure of the original study: 09.01.2023 / 06:45 / CET

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