Siemens: UBS reiterates buy rating

(CercleFinance.com) - UBS reiterates its Buy rating on the stock, with an unchanged target price of E200, representing 11% upside potential.


Siemens posted adjusted EBITA 7% higher than in the previous year, and forecasts for FY 2025 comfortably support the opinion, UBS comments.

The timing and pace of the near-term recovery will probably remain a debate for the stock over the next 3 to 6 months, but the attractions of electrification and software remain, it adds.

For FY 2025, Siemens expects comparable sales growth of 3% to 7%, and adjusted basic EPS of E10.40 to E11, excluding the gain from the sale of Innomotics.


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