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.
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