Siemens: Jefferies lowers target price
(CercleFinance.com) - Jefferies confirms its 'buy' recommendation on Siemens shares, with a target price lowered from E230 to E225, after adjusting its FY 2025 estimates for the German electronics and electrotechnical equipment group.
It remains difficult to talk about a recovery in China, but recent stimulus measures in that country and more positive comments from distributors on inventories suggest that orders will improve in 2025, the broker warns.
It reduces its estimates for DI (digital industries) to start 2025 on a more cautious note, but believes that, with an EBITA of 11.9x, Siemens offers attractive value, particularly given the scale of SI (smart infrastructures) development.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
It remains difficult to talk about a recovery in China, but recent stimulus measures in that country and more positive comments from distributors on inventories suggest that orders will improve in 2025, the broker warns.
It reduces its estimates for DI (digital industries) to start 2025 on a more cautious note, but believes that, with an EBITA of 11.9x, Siemens offers attractive value, particularly given the scale of SI (smart infrastructures) development.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.