Siemens : HSBC upgrades stock
(CercleFinance.com) - HSBC Global Research upgrades Siemens shares from 'reduce' to 'hold', with a new target price of E185, in a note devoted to European capital goods stocks.
The broker believes that the recent publication of 2024 results has helped to recast expectations for the German electrical and electrotechnical equipment group, leaving more limited room for downside potential.
Aside from political risks, lower interest rates and US-led capital expenditure growth in 2025 keep us optimistic about a broader cyclical recovery, HSBC judges at the sector level.
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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 broker believes that the recent publication of 2024 results has helped to recast expectations for the German electrical and electrotechnical equipment group, leaving more limited room for downside potential.
Aside from political risks, lower interest rates and US-led capital expenditure growth in 2025 keep us optimistic about a broader cyclical recovery, HSBC judges at the sector level.
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.