JPMorgan analyst Akash Gupta downgraded Siemens Energy to Underweight from Neutral with a price target of EUR 9.20, down from EUR 13.80. The analyst changed ratings in the European capital goods sector as part of a 2024 outlook. The group is positioned to be a beneficiary of a number of the structural growth drivers but there is competition for capital in the electricals space, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SMNEY:
- Siemens Energy price target lowered to EUR 13.80 from EUR 16.70 at JPMorgan
- Tenable Holdings, Siemens Energy expand collaboration on OT cybersecurity
- Siemens Energy price target lowered to EUR 13 from EUR 17 at Deutsche Bank
- Siemens Energy price target lowered to EUR 18 from EUR 20 at Morgan Stanley
