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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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