Siemens price target raised to EUR 195 from EUR 190 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Siemens (SIEGY) to EUR 195 from EUR 190 and keeps a Buy rating on the shares. Bloomberg reported last week that Ansys (ANSS) was working with advisers to weigh its strategic options, including a sale, after receiving takeover interest, and Siemens was mentioned as one of the potential suitors, the analyst tells investors in a research note. The firm says a potential acquisition would expand Siemens’ industrial software business by nearly 30% and “significantly strengthen” the company’s positions in the electronic design automation, computational fluid dynamics and digital twin segments. It cites higher peer multiples for the target increase.