RBC Capital downgraded Siemens (SIEGY) to Sector Perform from Outperform with an unchanged price target of EUR 245. Siemens has outperformed the sector by 12% over the last three months and has moved from a discount to a premium valuation, the analyst tells investors in a research note. RBC downgrades Siemens with the shares close to the price target
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIEGY:
- Nvidia says CAE vendors accelerating simulation tools up to 50x with Blackwell
- Nvidia unveils Omniverse platform integrations
- Siemens to cut around 5,600 jobs worldwide in automation business
- Siemens price target raised to EUR 250 from EUR 240 at Morgan Stanley
- Morgan Stanley removes Siemens as Top Pick, ups target