Bernstein re-initiated coverage of Siemens Energy (SMNEY) with an Outperform rating. The firm sees an attractive set-up for the European capital goods group into 2026, saying stronger data center spending will drive further earnings upgrades while a recent pullback in valuations presents better entry points.
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Read More on SMNEY:
- Siemens Energy initiated with an Outperform at Evercore ISI
- Siemens Energy price target raised to EUR 130 from EUR 125 at Morgan Stanley
- Siemens Energy upgraded to Overweight from Neutral at JPMorgan
- Siemens Energy price target raised to EUR 130 from EUR 122 at Berenberg
- Siemens Energy price target raised to EUR 135 from EUR 130 at Deutsche Bank