Siemens : Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Siemens shares, with its target price raised from E207 to E220.
The analyst reports that orders in Q4 2024 reached E22.9bn, +10% on a comparable basis, while the consensus forecast +1.2%.
Indeed, the Digital Industries (DI) division surprised positively, with orders down 6% (vs. css -12%) and normalisation expected in Q2 25.
Consequently, analysts have raised their operating estimates (organic sales growth 6.2%, and adjusted EBIT margin to 15.5% in 2025, flat) and their 2025 EPS by +7%, Oddo BHF says.
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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.
The analyst reports that orders in Q4 2024 reached E22.9bn, +10% on a comparable basis, while the consensus forecast +1.2%.
Indeed, the Digital Industries (DI) division surprised positively, with orders down 6% (vs. css -12%) and normalisation expected in Q2 25.
Consequently, analysts have raised their operating estimates (organic sales growth 6.2%, and adjusted EBIT margin to 15.5% in 2025, flat) and their 2025 EPS by +7%, Oddo BHF says.
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.