Siemens: Jefferies still a buyer after CMD
(CercleFinance.com) - Jefferies maintains its 'buy' recommendation and target price of 225 euros on Siemens shares, following a CMD that reinforces its confidence in the smart infrastructure division's ability to achieve its revised upward medium-term targets.
Notably citing a lower-cost manufacturing base and further productivity improvements, the broker considers the division's new profitability targets of 16-20% to be 'eminently achievable'.
Continued double-digit growth in data centers, together with an improved outlook in building, support smart infrastructure's 6-9% growth target, Jefferies adds.
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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.
Notably citing a lower-cost manufacturing base and further productivity improvements, the broker considers the division's new profitability targets of 16-20% to be 'eminently achievable'.
Continued double-digit growth in data centers, together with an improved outlook in building, support smart infrastructure's 6-9% growth target, Jefferies adds.
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.