Siemens: Jefferies raises TP
(CercleFinance.com) - Jefferies confirms its 'buy' rating on Siemens shares, with a target price raised from E230 to E261, believing that despite a sharp rise in the share price, the market continues to underestimate the cyclical recovery in automation.
The broker includes in its model DI (digital industries) orders 4% and 5% above consensus for fiscal 2025 and 2026, which it believes implies that automation volumes will reach pre-Covid levels in 2026.
It also expects DI margins to reach 21% in 2026 (vs. 19.8% in consensus), and raises its adjusted EPS expectations by 2%/5% for 2025/2026, which means EPS 2025 2% above the upper limit of the German group's targets.
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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 broker includes in its model DI (digital industries) orders 4% and 5% above consensus for fiscal 2025 and 2026, which it believes implies that automation volumes will reach pre-Covid levels in 2026.
It also expects DI margins to reach 21% in 2026 (vs. 19.8% in consensus), and raises its adjusted EPS expectations by 2%/5% for 2025/2026, which means EPS 2025 2% above the upper limit of the German group's targets.
Copyright (c) 2025 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.