Deutsche Bank downgraded Siemens Healthineers (SMMNY) to Hold from Buy with a price target of EUR 46, down from EUR 57. The firm believes the overhang from Siemens AG’s strategy to reduce its stake in Healthineers will likely prevent the shares from outperforming until it is resolved.
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Read More on SMMNY:
- Siemens Healthineers price target lowered to EUR 58 from EUR 62 at Citi
- Siemens Healthineers price target lowered to EUR 57 at Deutsche Bank
- Siemens plans to deconsolidate Siemens Healthineers
- Siemens Healthineers Reports Solid Growth Amid Challenges
- Siemens Healthineers downgraded to Equal Weight at Morgan Stanley