Bernstein downgraded Siemens (SIEGY) to Market Perform from Outperform with a EUR 230 price target The firm cites valuation for the downgrade, saying the stock’s conglomerate discount fully reversed, and is now at almost a 20% premium to its sum-of-the-parts.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIEGY:
- Siemens enters collaboration with Snowflake
- Runway AI Expands Into Robotics Training With Nvidia and Alphabet Backing
- Siemens resumed with Overweight, put on Focus List at JPMorgan
- Siemens price target raised to EUR 220 from EUR 215 at Deutsche Bank
- Siemens price target raised to EUR 246 from EUR 238 at Morgan Stanley