Siemens Energy initiated with an Overweight at Barclays

Barclays initiated coverage of Siemens Energy with an Overweight rating and EUR 19 price target. The analyst is “skeptical” on wind manufacturing businesses in general, but says the 50% drop in Siemens Energy shares over the past three months “already implies big negative value of it.” The firm thinks “several aspects” of the company are underappreciated by the market.