Siemens Healthineers: share price down, broker lowers target

(CercleFinance.com) - Siemens Healthineers is down nearly 2% in Frankfurt, as UBS reaffirmed its 'buy' recommendation on the stock, while lowering its target price from 60 to 56 euros, a new target that nevertheless leaves a 14% upside potential for the German medical technology group's shares.


We are disappointed by the missed expectations in imaging, which are explained as much by optimistic assumptions as by the performance delivered, but the share price already reflects this", believes the broker, seeing the valuation as "accommodating enough" to remain Buy.

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