Siemens: Jefferies still a buyer - raises TP
(CercleFinance.com) - On Tuesday a Jefferies analyst confirmed a "buy" rating on the Siemens stock, appreciating its potential and believing that it does not price in the group's performance.
Jefferies has therefore raised its target price at 135 euros, from 126 euros previously.
"An industrial business with a 5%+ growth outlook, 16%+ industrial margins (FY22e)... does not deserve to trade at a 20%+ discount to our coverage," the broker said.
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Jefferies has therefore raised its target price at 135 euros, from 126 euros previously.
"An industrial business with a 5%+ growth outlook, 16%+ industrial margins (FY22e)... does not deserve to trade at a 20%+ discount to our coverage," the broker said.
Copyright (c) 2020 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.