Jefferies upgraded Siemens Energy (SMNEY) to Buy from Hold with a price target of EUR 134, up from EUR 55. The firm views as the shares as undervalued as it believes the company’s portfolio “addresses all the main challenges in the energy sector.” This should drive continued high demand, the analyst tells investors in a research note.
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Read More on SMNEY:
- Siemens Energy: Strong Growth Prospects and Undervalued Investment Opportunity
- Siemens Energy price target raised to EUR 120 from EUR 112 at Morgan Stanley
- Siemens Energy downgraded to Neutral from Buy at Rothschild & Co Redburn
- Siemens Energy initiated with an Outperform at RBC Capital
- Siemens Energy price target raised to EUR 104 from EUR 98 at Citi