Investing

Kone shares target upped as service growth offsets China challenges - Deutsche

On Tuesday, Deutsche Bank (ETR:DBKGn) updated its financial outlook for Kone OYJ (KNEBV:FH) (OTC: KNYJY) shares, raising the price target to €52.00 from €45.00, while keeping a Hold rating on the ...
Investing

Citi cuts Kone stock price target to EUR58, maintains buy

However, due to the tougher macroeconomic conditions, Citi has revised its earnings per share (EPS) estimates for Kone, reducing them by 4% for 2025 and 7% for 2026. This revision underpins the ...
Investing

BofA raises Kone price target on service strength despite new build challenges

BofA Securities raised its price target on Kone OYJ (KNEBV:FH) (OTC:KNYJY) to EUR63.00 from EUR61.00 on Thursday, while maintaining a Buy rating on the Finnish elevator and escalator manufacturer. The ...
Business Line

KONE India targets double-digit yoy growth, plans to outpace economic growth: Amit Gossain

KONE Elevators India, a wholly owned subsidiary of Finland-based KONE Corporation, plans to achieve double-digit growth year-on-year (YoY). “If the economy grows at 6-7 per cent annually, we will grow ...
The Hindu

Kone India to start making escalators at Sriperumbudur unit

Kone Elevator India will start manufacturing escalators in India from the first half of 2024 as part of its expansion programme, said a top official. “Right now, the pilot is going on at Sriperumbudur ...
Business Wire

KONE Acquires Sacramento-Based Capitol Elevator

LISLE, Ill.--(BUSINESS WIRE)--KONE, a global leader in the elevator and escalator industry, has acquired Capitol Elevator, a Sacramento, California-based elevator service business. This strategic ...