Kepler Cheuvreux downgraded Siemens (SIEGY) to Hold from Buy with a price target of EUR 55, up from EUR 47. The firm says the company’s longer term guidance is not fully reflected in consensus estimates.
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Read More on SIEGY:
- Siemens price target raised to EUR 225 from EUR 220 at Morgan Stanley
- Siemens price target raised to EUR 245 from EUR 215 at Berenberg
- Siemens removed from European Conviction List at Goldman Sachs
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- Siemens upgraded to Hold from Reduce at HSBC