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Siemens Energy downgraded to Neutral from Buy at Rothschild & Co Redburn

Rothschild & Co Redburn analyst Simon Toyne downgraded Siemens Energy (SMNEY) to Neutral from Buy with a EUR 106 price target The firm says the upgrade cycle for Siemens Energy and GE Vernova “could be reaching a late stage” and downside risks exist.

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