Siemens Energy: Oddo initiates coverage with 'buy' rating

(CercleFinance.com) - Oddo BHF is initiating its coverage of the Siemens Energy share with a "buy" rating and target price of 28 euros (vs.
just under 25 euros at present), with the broker declaring that, like the consensus, it expects a strong rebound in profits for the power plant builder.

It says that Siemens Energy has had a difficult start in the stockmarket, although is clearly undervalued, for which plans to improve profitability that should improve margins and results, are supporting the share's price.


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