Price targets

Analyst ratings

9 analysts rated this company in the past 90 days. The average target price is €239.22, this is a change of -2.6% compared to the current price.

• September 26, 2025

  Bernstein maintains Siemens' 'Market Perform' rating - target €230

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Market-Perform" with a price target of €230. In an industry study released Monday, Nicholas Green addressed the question of which European capital goods stocks belong in a climate fund portfolio. ABB was once again the overall winner, with Siemens and Schneider Electric having worked their way up to similarly strong positions, he wrote. Siemens Energy is among the companies making good progress in implementing its – albeit so far unambitious – commitments to reduce CO2 emissions./edh/tih

  Publication of the original study: September 26, 2025 / 5:14 p.m. / UTC

  First distribution of the original study: September 29, 2025 / 5:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 25, 2025

  JPMorgan maintains Siemens' 'Overweight' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - JPMorgan has maintained Siemens' "Overweight" rating with a price target of €300. The stock is also on the US bank's "Analyst Focus List." Since the technology group intends to decide on its stake in Siemens Healthineers well before its capital markets day on December 9, according to a press report, the quarterly figures due on November 13 are more important than usual, Phil Buller wrote in an assessment published Thursday. Siemens remains one of his favorite stocks. The stock is a good bet for investing in attractive investment themes./rob/gl/men

  Publication of the original study: September 25, 2025 / 7:28 PM / BST First distribution of the original study: September 25, 2025 / 7:28 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 8, 2025

  Goldman raises target for Siemens to 262 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Siemens from €232 to €262 and maintained its "Buy" rating. Analyst Daniela Costa raised her operating earnings estimates for the Munich-based company's industrial equipment division on Monday. She sees the Capital Markets Day on December 8th as key to potentially increasing company value./ag/gl

  Publication of the original study: September 8th, 2025 / 10:01 AM / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 5, 2025

  Bernstein maintains Siemens' 'Market Perform' rating - target €230

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Market-Perform" with a price target of €230. In a study published Monday, Nicholas Green examined the assessments and prospects of the European capital goods industry for the second half of 2025. He stated that the technology group Siemens must minimize risks while navigating difficult waters. To continue growing, the Digital Industries division must "hit the jackpot." He sees better investment ideas in Schneider, Hexagon, and Legrand./edh

  Publication of the original study: September 5, 2025 / 7:48 PM / UTC

  First distribution of the original study: September 8, 2025 / 5:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 1, 2025

  RBC maintains Siemens at 'Sector Perform' - target 230 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained a "Sector Perform" rating on Siemens with a price target of €230. Mark Fielding wrote in his sector outlook published Tuesday that his earnings (EPS) estimates for the European capital goods manufacturer have declined since the beginning of the year, as US tariffs have created new uncertainty regarding the business outlook and further delayed the cyclical recovery. Following the recovery, especially among large corporate stocks, in the second quarter, he is now somewhat more neutral on the sector. However, stocks such as Schneider Electric, Alfa Laval, Metso, Daimler Truck, Weir, and Vesuvius are still attractive./gl/ag

  Publication of the original study: September 1, 2025 / 10:13 PM / EDT. First distribution of the original study: September 2, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 1, 2025

  Bernstein lowers Siemens to 'Market-Perform' - target 230 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has downgraded Siemens shares from "Outperform" to "Market-Perform," with an unchanged price target of €230. Not only has the former conglomerate discount been fully recovered, but the Munich-based company's shares are now trading nearly 20 percent above their net asset value (SOTP), wrote Nicholas Green in his reassessment published Tuesday. He expects little impetus from the Capital Markets Day in December – not even for earnings expectations for 2026./rob/ag/gl

  Publication of the original study: September 1, 2025 / 4:06 p.m. / UTC. First distribution of the original study: September 2, 2025 / 5:00 a.m. / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 31, 2025

  JPMorgan maintains Siemens' 'Overweight' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens at "Overweight" with a price target of €300. In his analysis published on Monday, Phil Buller simulated the implementation of the spin-off of Siemens Healthineers. He assumes that the value of the 73 percent stake would be almost a third higher if the risks of separating from the parent company did not exist. Buller's price target for Siemens includes a ten percent discount for the difficult-to-estimate spin-off costs of this complex project. In the best case scenario, Siemens Health will simply be spun off completely tax-free. Other options include a spin-off of a portion through a dividend in kind, placements in tranches, an acquisition by the Siemens pension fund, a holding company, or even a share exchange with the company's own investors. Buller expects the actual plan to be announced at the Capital Markets Day on December 9th./rob/ag/gl

  Publication of the original study: August 31, 2025 / 7:00 PM / BST First distribution of the original study: September 1, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 27, 2025

  JPMorgan reinstates Siemens with 'Overweight' rating - €300

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has reinstated its "Overweight" rating on Siemens shares, with a price target of €300. In his recommendation published Thursday, analyst Phil Buller also placed the Munich-based company on its "Analyst Focus List" and, with a view to the capital markets day, labeled it "Positive Catalyst Watch" for particularly high short-term optimism. "The 'new Siemens' is not yet priced in," Buller said. After eight years of portfolio restructuring, the glacial melt is almost complete. The 73 percent stake in Siemens Healthineers is the next and likely final step. The Capital Markets Day on December 9th will be correspondingly interesting./ag/ajx

  Publication of the original study: August 27, 2025 / 7:29 PM / BST First distribution of the original study: August 28, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 19, 2025

  RBC maintains Siemens at 'Sector Perform' - target 230 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Sector Perform" with a price target of €230. The first half of the year for the European capital goods industry was largely in line with expectations, wrote Mark Fielding in an industry report released Tuesday. However, the bottom line appears somewhat more cautious, which is why he has slightly revised his earnings forecasts downwards. Nevertheless, he still sees attractiveness in some stocks such as Schneider, Alfa Laval, Metso, Daimler Truck, Weir, and Vesuvius./edh/gl

  Publication of the original study: August 19, 2025 / 2:01 a.m. / EDT First distribution of the original study: August 19, 2025 / 2:01 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 12, 2025

  Deutsche Bank raises target for Siemens to 220 euros - 'Hold'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Siemens from €215 to €220 and maintained its "Hold" rating. The Munich-based company's market share in the Chinese automation market remains relatively stable, Gael de-Bray wrote in an assessment released Tuesday. However, market conditions in Europe remain subdued, and the overall order recovery is less robust than originally forecast./la/bek

  Publication of the original study: August 12, 2025 / Time not specified in the study / CET

  First distribution of the original study: August 12, 2025 / 7:57 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  UBS raises target for Siemens to 255 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Siemens from €240 to €255 and maintained its "Buy" rating. The stock's valuation is attractive, and positive price drivers are emerging for the industrial group, wrote Andre Kukhnin in a study published Friday. He expects the fourth-quarter figures, which are due in November, to provide encouraging news regarding margins in the Digital Industries segment and order intake in the Smart Infrastructure segment./rob/tih/nas

  Publication of the original study: August 7, 2025 / 8:05 p.m. / GMT

  First distribution of the original study: August 8, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  RBC raises target for Siemens to 230 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Siemens from €215 to €230 following the company's earnings release and maintained its rating at "Sector Perform." The third fiscal quarter was solid, but highlighted volatility within the industrial group, Mark Fielding wrote in a study released Thursday. While the Smart Infrastructure division is performing strongly, the recovery of Digital Industries continues to falter. Overall, he made little change to his assumptions. However, the price target is now based on its expectations for 2026./rob/tih/bek

  Publication of the original study: August 7, 2025 / 6:53 a.m. / EDT

  First distribution of the original study: August 7, 2025 / 6:53 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  Bernstein maintains Siemens' 'Outperform' rating - target 230 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" with a price target of €230 following the company's earnings release. Analyst Nicholas Green highlighted the confirmed annual targets in a report released Thursday, after the industrial group largely met expectations with its third-quarter figures. However, the overall economic situation has slowed the recovery of the short-cycle Digital Industries (DI) sector./rob/ck/nas

  Publication of the original study: August 7, 2025 / 6:39 a.m. / UTC

  First distribution of the original study: August 7, 2025 / 6:39 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  Deutsche Bank Research maintains Siemens 'Hold' rating - target 215 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Hold" rating for Siemens following its earnings release, with a price target of €215. Analyst Gael de-Bray described the industrial group's mixed results in a study released Thursday. He noted that the development in the Digital Industries division was disappointing./tih/nas

  Publication of the original study: August 7, 2025 / Time not specified in study / GMT

  First distribution of the original study: August 7, 2025 / 6:27 a.m. / GMT

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  RBC maintains Siemens at 'Sector Perform' - Target 215 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Sector Perform" with a price target of €215 following its earnings results. The industrial group roughly met expectations on an adjusted basis in the third fiscal quarter, wrote Mark Fielding in a study released Thursday. The annual targets remained unchanged, while the Smart Infrastructure division exceeded expectations and Digital Industries missed them./rob/tih/nas

  Publication of the original study: August 7, 2025 / 2:10 a.m. / EDT

  First distribution of the original study: August 7, 2025 / 2:10 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  UBS maintains Siemens 'Buy' rating - target 240 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Siemens following its earnings release, with a price target of €240. Analyst Andre Kukhnin, in a quick assessment released Thursday, described the industrial group's overall solid figures for the third fiscal quarter. The Smart Infrastructure (SI) division exceeded expectations, while Digital Industries (DI) missed them, but the annual targets were maintained./rob/ck/mis

  Publication of the original study: August 7, 2025 / 7:26 a.m. / GMT

  First distribution of the original study: August 7, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 9, 2025

  Barclays raises target for Siemens to 185 euros - 'Underweight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays raised its price target for Siemens from €170 to €185, but maintained its rating at "underweight." According to his outlook for the reporting season on Wednesday, analyst Vladimir Sergievskiy expects a sluggish quarter for the European capital goods sector. 65 percent of companies could miss revenue expectations. Looking ahead to the second half of the year, he sees high uncertainty.

  Publication of the original study: July 9, 2025 / 3:03 PM / GMT

  First distribution of the original study: July 10, 2025 / 4:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 7, 2025

  UBS maintains Siemens 'Buy' rating - target 240 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Siemens with a price target of €240. In his outlook for the upcoming quarterly reports from capital goods companies, published on Tuesday, analyst Andre Kukhnin expects results in line with expectations. He names Schneider, Kion, and Weir as the top favorites based on the figures. Assa Abloy, Kone, and Gea are also promising defensive growth ideas. He also values Knorr-Bremse, Siemens, and Warsila for their cyclical and long-term growth. In general, valuations in the sector are undemanding./tih/ag

  Publication of the original study: July 7, 2025 / 6:55 PM / GMT

  First distribution of the original study: July 7, 2025 / 6:55 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 3, 2025

  RBC maintains Siemens at 'Sector Perform' - Target 215 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Sector Perform" with a price target of €215. Companies in the European capital goods sector are likely to have achieved organic growth of three percent in the second quarter, wrote Mark Fielding in an outlook for the reporting season. However, there is immense uncertainty regarding the outlook for the second half of the year. While risks are limited, the pace of a recovery remains questionable. He considers Schneider, Alfa Laval, Melrose, Metso, Weir, and Vesuvius particularly attractive./ag/edh

  Publication of the original study: July 3, 2025 / 5:53 PM / EDT

  First distribution of the original study: July 4, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 1, 2025

  Goldman raises target for Siemens to 232 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Siemens from €225 to €232 and maintained its "Buy" rating. Analyst Daniela Costa adjusted her estimates for Europe's electronics giants on Tuesday in her outlook for the reporting season. Despite currency headwinds, they rose slightly. Siemens, Schneider Electric, and ABB performed better in China and the US than feared at the time of quarterly earnings./ag/bek

  Publication of the original study: July 1, 2025 / 6:00 a.m. / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  HSBC lowers target for Siemens to 210 euros - 'Hold'

  LONDON (dpa-AFX Analyst) - British investment bank HSBC lowered its price target for Siemens from €225 to €210, but maintained its "Hold" rating. The order trend in the Smart Infrastructure (SI) segment remained robust, but the software business is slowing the Digital Industries (DI) division, wrote Sean McLoughlin in his outlook for the quarterly report released on Tuesday. He fine-tuned his estimates and also took into account the lower industry valuation./ag/bek

  Publication of the original study: June 30, 2025 / 6:09 a.m. / GMT

  First distribution of the original study: July 1, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  Bernstein maintains Siemens' 'Outperform' rating - target 230 euros

  NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has maintained Siemens' "Outperform" rating with a price target of €230. Consensus estimates for the technology group include annual organic revenue growth of 4.8 percent through 2029, which, compared to the past six years with an increase rate of 6.0 percent per annum, appears somewhat conservative, wrote Nicholas Green in an assessment released Tuesday. He pointed out that Siemens does not issue medium-term growth targets. The conglomerate discount on the share is now minimal, but still there./rob/gl/edh

  Publication of the original study: June 30, 2025 / 1:58 p.m. / UTC. First distribution of the original study: July 1, 2025 / 5:00 a.m. / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 27, 2025

  UBS maintains Siemens 'Buy' rating - target 240 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Siemens with a price target of €240. The Munich-based company is likely to deliver solid results in a challenging environment, Andre Kukhnin wrote in his outlook for the third-quarter report published Friday. The investment story remains attractive given the continued streamlining of the portfolio. Kukhnin expects more information from the capital markets day in early December, particularly regarding the measures to reduce the stake in the subsidiary Healthineers to below 50 percent. The focus will also be on Digital Industries' (DI) margin in the fourth fiscal quarter./rob/ag/tih

  Publication of the original study: June 27, 2025 / 1:12 a.m. / GMT

  First distribution of the original study: June 27, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 12, 2025

  Bernstein maintains Siemens' 'Outperform' rating - target 230 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" in its second-quarter industry outlook, with a price target of €230. Siemens shares have recovered well in value, and the conglomerate discount has now been minimized, Nicholas Green wrote on Thursday. The expert answered the question of whether there is still potential with a "yes." Estimates are likely to rise further./tih/ag

  Publication of the original study: June 12, 2025 / 8:08 PM / UTC

  First distribution of the original study: June 13, 2025 / 5:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 11, 2025

  Bernstein raises target for Siemens to 230 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research raised its price target for Siemens from €227 to €230 and maintained its rating at "Outperform." Thanks to higher revenue and margin expectations, Nicholas Green raised his operating earnings (EBITDA) forecast in an assessment released Thursday. The technology group continues to benefit from key trends such as automation, electrification, and industrial software. Despite the stronger share price increase compared to competitors Schneider Electric and ABB, the valuation is very attractive and still has room for improvement./rob/gl/edh

  Publication of the original study: June 11, 2025 / 6:29 PM / UTC. First distribution of the original study: June 12, 2025 / 5:00 AM / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 9, 2025

  Bernstein maintains Siemens' 'Outperform' rating - target 227 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained Siemens' "Outperform" rating with a price target of €227. European capital goods manufacturers Siemens, Dassault Systemes, and Hexagon are benefiting from the advancement of software and the electronic revolution in the automotive industry, Nicholas Green wrote in an industry commentary released Tuesday. At the same time, Siemens and ABB fortunately spun off most of the businesses that are directly dependent on the increasingly unattractive automotive sector./gl/tav

  Publication of the original study: June 9, 2025 / 8:00 PM / UTC. First distribution of the original study: June 10, 2025 / 5:15 AM / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 4, 2025

  RBC maintains Siemens at 'Sector Perform' - Target 215 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Sector Perform" with a price target of €215. Mark Fielding wrote in a study on the capital goods sector released Thursday that the price slump following the initial tariff news created a more attractive time to invest in capital goods stocks in April. Even after their recovery, investment opportunities remain. He specifically mentioned Schneider Electric, Alfa Laval, Metso, Daimler Truck, Weir, DiscoverIE, and Vesuvius. He advises against investing in higher-valued companies such as Kone, Atlas Copco, Rational, and Spirax./tih/zb

  Publication of the original study: June 4, 2025 / 5:58 PM / EDT

  First distribution of the original study: June 5, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 3, 2025

  UBS maintains Siemens 'Buy' rating - target 240 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Siemens with a price target of €240. Analyst Supriya Subramanian summed up the first-quarter reporting season in her industry commentary published Wednesday. Organic growth among European capital goods companies remained relatively stable overall in the first quarter. She expects achieving growth in the coming quarters to remain a challenge. Trends in the individual end markets are mixed. Siemens is one of the companies with which investors could bet on a shift in demand and/or potential for self-optimization in the second half of the year./tih/ag

  Publication of the original study: June 3, 2025 / 7:53 PM / GMT

  First distribution of the original study: June 3, 2025 / 7:53 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 2, 2025

  Goldman lowers target for Siemens to 225 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Siemens from €228 to €225, but maintained its "Buy" rating. Analyst Daniela Costa reduced her earnings estimates in a study released Monday following the latest quarterly figures. Despite everything, she remains optimistic that the Munich-based company will experience above-average growth in the coming years./ag/tih

  Publication of the original study: June 2, 2025 / 6:58 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 27, 2025

  Deutsche Bank Research maintains Siemens 'Hold' rating - target 215 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Hold" rating for Siemens with a price target of €215. Global automation orders for the technology group fell by a mid-single-digit percentage in the past quarter compared to the previous quarter, Gael de-Bray wrote in a study released Tuesday. Market conditions in Germany remain difficult, with clients pointing to a higher level of uncertainty due to tariff volatility./edh/gl

  Publication of the original study: May 27, 2025 / Time not specified in the study / CET. First distribution of the original study: May 27, 2025 / 7:51 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 21, 2025

  Barclays raises target for Siemens to 170 euros - 'Underweight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has raised its price target for Siemens from €160 to €170, but maintained its rating at "underweight." The Munich-based company is holding up quite well in a difficult environment, Vladimir Sergievskiy wrote on Wednesday. In his view, the decisive factor for acquisition activity will be what happens with the stake in the subsidiary Siemens Healthineers. The valuation of Siemens shares itself is historically high./ag/ajx

  Publication of the original study: May 21, 2025 / 12:34 PM / GMT

  First distribution of the original study: May 21, 2025 / 12:39 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 16, 2025

  UBS maintains Siemens 'Buy' rating - target 240 euros

  ZURICH (dpa-AFX Analyser) - The Swiss major bank UBS has maintained its rating for Siemens at "Buy" with a price target of 240 euros. Due to the solid quarterly figures and the unchanged targets for the 2024/25 fiscal year, Andre Kukhnin wrote in a study released Friday that he is leaving his estimates for the technology group largely unchanged./rob/edh/niw

  Publication of the original study: May 16, 2025 / 5:56 a.m. / GMT

  First distribution of the original study: May 16, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 15, 2025

  UBS maintains Siemens 'Buy' rating - target 240 euros

  ZURICH (dpa-AFX Analyser) - The Swiss major bank UBS has maintained its rating for Siemens at "Buy" with a price target of 240 euros following the second quarter figures. Andre Kukhnin wrote in an initial response released Thursday that he considers all the key figures, the outlook, and the details he has learned so far from discussions with the technology group's management to be positive./rob/edh/gl

  Publication of the original study: May 15, 2025 / 6:56 a.m. / GMT First distribution of the original study: May 15, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 15, 2025

  Deutsche Bank Research maintains Siemens 'Hold' rating - target 215 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Hold" rating on Siemens following its earnings release, with a price target of €215. The technology group had a mixed quarter, wrote Gael de-Bray in a response released Thursday. He negatively highlighted the lack of momentum in Digital Industries./gl/edh

  Publication of the original study: May 15, 2025 / 6:55 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 15, 2025

  Bernstein maintains Siemens' 'Outperform' rating - target 227 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" after the company's earnings release, with a price target of €227. In a study published Thursday, analyst Nicholas Green believes that investors will interpret the results positively. He expects the confirmed annual targets and strong order growth to be well received./rob/tih/edh

  Publication of the original study: May 15, 2025 / 6:42 a.m. / UTC

  First distribution of the original study: May 15, 2025 / 6:42 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 15, 2025

  RBC maintains Siemens at 'Sector Perform' - Target 215 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Sector Perform" with a price target of €215 following its earnings release. The industrial division's second-quarter profit exceeded expectations by 18 percent on a reported basis, wrote Mark Fielding in a study released Thursday. However, this would not result in any major changes to the investment background, as the adjusted performance is more in line with expectations./rob/tih/edh

  Publication of the original study: May 15, 2025 / 2:08 a.m. / EDT

  First distribution of the original study: May 15, 2025 / 2:08 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 24, 2025

  Barclays lowers target for Siemens to 160 euros - 'Underweight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Siemens from €165 to €160 and maintained its rating at "Underweight." In a "Tariffs 3.0" world, corporate profits are far from "liberalized," wrote analyst Vladimir Sergievskiy in his reassessment of the European capital goods sector published on Friday. Early-cycle companies will feel the pain first, although, unlike in previous downturns, a V-shaped recovery is unlikely. The order backlog is still protecting the late-cycle companies for the time being. However, the order situation will tip due to postponed investments. Sergievskiy cut his earnings estimates through 2026 by an average of 7 percent./ag/mis

  Publication of the original study: April 24, 2025 / 4:36 PM / GMT

  First distribution of the original study: April 24, 2025 / 4:40 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 23, 2025

  Jefferies maintains Siemens 'Buy' rating - target 261 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its "Buy" rating for Siemens with a price target of €261. Analyst Simon Toennessen expressed relative complacency regarding the risk of a recession in a study released Thursday. He noted that some end markets for capital goods manufacturers have already shown weakness over the past two years. Furthermore, share valuations have fallen to long-term averages. The companies also had robust balance sheets./bek/edh

  Publication of the original study: April 23, 2025 / 6:33 a.m. / ET

  First distribution of the original study: April 23, 2025 / 7:00 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 14, 2025

  RBC lowers target for Siemens to 215 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Siemens from €245 to €215, but maintained its "Sector Perform" rating. Increased uncertainty applies to Europe's capital goods manufacturers, analyst Mark Fielding wrote in a sector report released Tuesday. On average, the stocks are pricing in about half of an economic recession. Their valuations are now closer to long-term averages. The Munich-based company's Digital Industries segment in China is expected to perform somewhat better in the second quarter./bek/gl

  Publication of the original study: April 14, 2025 / 11:08 PM / EDT. First distribution of the original study: April 15, 2025 / 12:45 AM / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 10, 2025

  Deutsche Bank lowers target for Siemens to 215 euros - 'Hold'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research lowered its price target for Siemens from €240 to €215 and maintained its "Hold" rating. In a study on the European capital goods sector released Thursday, analyst Gael de-Bray determined the level of earnings growth or decline discounted in each stock he covers following the market correction. He then compared the risks for each stock in a downturn scenario for 2025. He considers the sell-off at Alstom, for example, to be exaggerated./ck/bek

  Publication of the original study: April 10, 2025 / Time not specified in the study / CEST

  First distribution of the original study: April 10, 2025 / 8:05 a.m. / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 3, 2025

  Deutsche Bank Research maintains Siemens 'Hold' rating - target 240 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Hold" rating for Siemens on the $5.1 billion acquisition of Dotmatics, with a price target of €240. The deal is very expensive, wrote analyst Gael de-Bray in a study released Thursday. It represents a surprising expansion of Siemens' Digital Industries division into the field of pharmacology./edh/tih

  Publication of the original study: April 3, 2025 / Time not specified in the study / CET

  First distribution of the original study: April 3, 2025 / 8:16 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 2, 2025

  Jefferies maintains Siemens 'Buy' rating - target 261 euros

  NEW YORK (dpa-AFX Analyser) - The research firm Jefferies has maintained its "Buy" rating for Siemens with regard to the acquisition of Dotmatics, with a price target of €261. This deal would allow Siemens to better compete with the French company Dassault Systemes, wrote analyst Simon Toennessen in a study published Wednesday. This company holds a leading position in the relevant industry segment./bek/he

  Publication of the original study: April 2, 2025 / 3:12 PM / ET First distribution of the original study: April 2, 2025 / 3:12 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 30, 2025

  RBC maintains Siemens at 'Sector Perform' - Target 245 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Sector Perform" with a price target of €245. Analyst Mark Fielding adjusted his forecasts for the technology group in a report released Monday, reflecting the completion of the Altair acquisition and recent comments by CFO Ralf Thomas regarding the somewhat improved business in China./edh/nas

  Publication of the original report: March 30, 2025 / 5:25 p.m. / EDT

  First distribution of the original report: March 31, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 26, 2025

  Jefferies maintains Siemens 'Buy' rating - target 261 euros

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained a "Buy" rating on Siemens with a price target of €261 ahead of the company's second-quarter results, which are expected on May 15. According to a report released Wednesday, analyst Simon Toennessen expects a strong quarter, likely reflecting a continued recovery in the automation industry with increasing momentum in China. His earnings estimates for the second quarter are 6 percent above consensus expectations. Siemens remains one of his "Top Picks" within the European capital goods sector. His assessment is based on an economic recovery, the focus on the domestic market of Germany, and the partial spin-off of Siemens Healthineers./ck/he

  Publication of the original study: March 26, 2025 / 3:34 p.m. / ET. First distribution of the original study: March 26, 2025 / 3:34 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 24, 2025

  Deutsche Bank Research lowers Siemens to 'Hold' - target 240 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has downgraded Siemens from "Buy" to "Hold," with its price target unchanged at €240. With a price increase of more than 20 percent since the beginning of the year, Siemens shares have clearly outperformed competitors such as ABB and Schneider Electric, wrote analyst Gael de-Bray in his reassessment published on Monday. The key point of his downgrade of the shares is that a spin-off from Siemens Healthineers, which would be beneficial for Siemens, has now largely been priced in./bek/ag

  Publication of the original study: March 24, 2025 / Time not specified in the study / CET

  First distribution of the original study: March 24, 2025 / 8:00 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 19, 2025

  UBS maintains Siemens 'Buy' rating - target 240 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Siemens with a price target of €240. Analyst Andre Kukhnin wrote in an initial reaction on Wednesday that he viewed the CFO's statements regarding the improvement in business performance in China and market share there as encouraging. The same applies to the assessment that the uncertainties in the US are not playing a major role for the technology group. The share remains attractively valued./gl/mis

  Publication of the original study: March 19, 2025 / 3:33 p.m. / GMT First distribution of the original study: March 19, 2025 / 3:33 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 18, 2025

  RBC downgrades Siemens to 'Sector Perform' - target €245

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has downgraded Siemens shares from "Outperform" to "Sector Perform," with an unchanged price target of €245. The Munich-based company's shares now exhibit a reasonable valuation premium relative to the sector, wrote analyst Mark Fielding in a new assessment released Wednesday. Over the past three months, they have outperformed the sector by approximately 12 percent./ag/edh

  Publication of the original study: March 18, 2025 / 5:52 PM / EDT

  First distribution of the original study: March 19, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 21, 2025

  Jefferies raises target for Siemens to 261 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has raised its price target for Siemens from €230 to €261 and maintained its "Buy" rating. Despite the share price rally, the market is still underestimating the cyclical recovery in the technology group's automation business, analyst Simon Toennessen wrote in a report released Monday. His estimates for the Digital Industries division are above consensus forecasts for 2025 and 2026. Toennessen also raised his estimates for adjusted earnings per share in both years. Siemens remains its preferred sector stock.

  Publication of the original study: February 21, 2025 / 11:03 AM / ET

  First distribution of the original study: February 21, 2025 / 7:00 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 21, 2025

  Goldman raises target for Siemens to 228 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Siemens from €204 to €228 and maintained its "Buy" rating. Despite the Munich-based company's recent above-average performance, analyst Daniela Costa reiterated her "Buy" recommendation on Friday evening. It raised its estimates following the unexpectedly strong first fiscal quarter./ag/gl

  Publication of the original study: February 21, 2025 / 6:53 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 17, 2025

  Deutsche Bank Research raises target for Siemens to 240 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for Siemens from €210 to €240 and maintained its "Buy" rating. With the end of the cyclical downturn in the automation industry now in sight, the technology group could be firing on all cylinders before the end of the 2024/25 fiscal year, analyst Gael de-Bray wrote in his commentary published on Monday. Following the positive figures for the first fiscal quarter and in light of the increasing likelihood of a separation from Siemens Healthineers, he reduced the conglomerate discount to 10 percent./edh/ag

  Publication of the original study: February 17, 2025 / 8:05 a.m. / CET

  First distribution of the original study: February 17, 2025 / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 14, 2025

  Barclays raises target for Siemens to 140 euros - 'Underweight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays raised its price target for Siemens from €130 to €140, but maintained its "underweight" rating. The technology group's quarterly figures were better than market expectations, wrote analyst Vladimir Sergievskiy in his review on Friday. The expert raised its earnings (EPS) forecasts for the fiscal years 2024/25 to 2026/27./edh/ag

  Publication of the original study: February 14, 2025 / 7:10 a.m. / GMT

  First distribution of the original study: February 14, 2025 / 7:12 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 14, 2025

  UBS maintains Siemens 'Buy' rating - target 240 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Siemens with a price target of €240 following "solid" figures for the first fiscal quarter. "The stars are aligned for 2025," wrote analyst Andre Kukhnin in a study published Friday. He slightly raised his estimates for core operating profit (EBITA) this year, primarily due to the Digital Industries division. This is a turning point for the short-cycle automation business./tih/gl

  Publication of the original study: February 14, 2025 / 1:34 AM / GMT. First distribution of the original study: February 14, 2025 / 1:34 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  Berenberg maintains Siemens 'Buy' rating - target 245 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its rating for Siemens at "Buy" with a price target of €245 following figures for the first quarter of 2024/25. These figures were stronger than expected, wrote analyst Philip Buller in an initial assessment on Thursday. In the Digital Industries division, the industrial group's order intake was seven percent above the consensus estimate./bek/tih

  Publication of the original study: February 13, 2025 / 7:25 a.m. / GMT

  First distribution of the original study: February 13, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  Goldman maintains Siemens 'Buy' rating after figures

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens following its earnings release, with a price target of €200. The first fiscal quarter was strong, wrote analyst Daniela Costa in a quick assessment released Thursday. The technology group solidly exceeded market expectations across the board./ck/bek

  Publication of the original study: February 13, 2025 / 6:44 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  RBC maintains Siemens' 'Outperform' rating - target €225

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Outperform" with a price target of €225 following the industrial group's first-quarter results. The order situation in the automation sector has improved, wrote analyst Mark Fielding in an initial assessment on Thursday. Earnings per share are 11 percent above the consensus estimate./bek/la

  Publication of the original study: February 13, 2025 / 2:04 a.m. / EST First distribution of the original study: February 13, 2025 / 2:04 a.m. / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  Deutsche Bank Research maintains Siemens 'Buy' rating - target 210 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Siemens following its quarterly results, with a price target of €210. Analyst Gael de-Bray wrote in an initial assessment on Thursday that the figures were broadly strong. This applies particularly to free cash flow. Order intake at the group level exceeded the consensus estimate by 5 percent./bek/tih

  Publication of the original study: February 13, 2025 / Time not specified in the study / GMT

  First distribution of the original study: February 13, 2025 / 6:56 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  Jefferies maintains Siemens 'Buy' rating - target 230 euros

  NEW YORK (dpa-AFX Analyst) - Following Siemens' quarterly results, analyst Jefferies maintained its "Buy" rating with a price target of €230. Despite the strong price increase, the technology group's shares are likely to remain in demand, analyst Simon Toennessen wrote in an initial assessment on Thursday. Orders, sales, and profit in the industrial business all exceeded expectations. Order intake in the automation sector easily exceeded expectations./bek/la

  Publication of the original study: February 13, 2025 / 1:50 a.m. / ET First distribution of the original study: February 13, 2025 / 1:50 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  Bernstein maintains Siemens' 'Outperform' rating after figures

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" with a price target of €227 following the company's earnings release. Analyst Nicholas Green expressed his expectation of a positive share price reaction to the industrial group's figures in an initial assessment released Thursday. He cited particularly strong order intake in the Industrial Automation (DI) and Healthineers segments, which contributed to a solid outperformance of expectations./ck/tih

  Publication of the original study: February 13, 2025 / 7:24 a.m. / UTC

  First distribution of the original study: February 13, 2025 / 7:24 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  UBS maintains Siemens 'Buy' rating - target 240 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Siemens at "Buy" with a price target of €240 following a conference call. During the conference call, the company confirmed the beginning of a cyclical recovery this year, analyst Andre Kukhnin wrote in a study released Thursday. The reduction in inventories in China is expected to come to an end by the end of the second quarter./bek/tih

  Publication of the original study: February 13, 2025 / 11:27 AM / GMT

  First distribution of the original study: February 13, 2025 / 11:27 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  RBC raises target for Siemens to 245 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Siemens from €225 to €245 following a conference call and maintained its rating at "outperform." The company's statements were positive, analyst Mark Fielding wrote in a report released Thursday. They indicated confidence in the automation sector, especially in the Chinese market./bek/ajx

  Publication of the original study: February 13, 2025 / 7:11 a.m. / EST

  First distribution of the original study: February 13, 2025 / 7:11 a.m. / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  Bernstein maintains Siemens' 'Outperform' rating - target 227 euros

  NEW YORK (dpa-AFX Analyser) - Following the share price turmoil triggered by the Chinese AI startup Deepseek, US analyst Bernstein Research has maintained its rating for Siemens at "Outperform" with a price target of €227. The news surrounding Deepseek is indeed significant for the European electronics industry, wrote analyst Nicholas Green in an industry report released Tuesday. Over the past twelve months, the markets have been assuming a sharp increase in energy demand for AI computing and data centers. Only in the best-case scenario will this remain the status quo. In the worst-case scenario, however, orders for the expansion of energy infrastructure could be withdrawn on a large scale./bek/la

  Publication of the original study: January 28, 2025 / 1:31 a.m. / UTC

  First distribution of the original study: January 28, 2025 / 1:31 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 23, 2025

  JPMorgan maintains Siemens' 'Overweight' rating - target 230 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens at "Overweight" ahead of its quarterly results, with a price target of €230. Its forecasts for the technology group's order intake, revenue, and industrial profit were in line with the corresponding consensus estimates, analyst Andrew Wilson wrote in an outlook published Thursday./edh/he

  Publication of the original study: January 23, 2025 / 5:41 PM / GMT First distribution of the original study: January 23, 2025 / 5:41 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 21, 2025

  Goldman maintains Siemens 'Buy' rating - target 200 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens with a price target of €200. In 2025, stock picking will be more important in the capital goods sector, as the "investment supercycle" that began in 2021 has now matured considerably, wrote analyst Daniela Costa in her outlook on Tuesday. It therefore likes stocks like Siemens, which, with potential portfolio measures, have another ace up their sleeve in addition to growth./ag/ajx

  Publication of the original study: January 21, 2025 / 6:14 AM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 21, 2025

  Bernstein maintains Siemens' 'Outperform' rating - target 227 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" with a price target of €227. Following Trump's inauguration in the US, hardly anyone currently has a concrete idea of how the tariffs issue will really develop, wrote analyst Nicholas Green in his commentary on the European capital goods industry published Wednesday. He is not attempting to engage in speculation, but rather to provide facts based on the results of a survey of around 40 companies. EU companies are focusing primarily on "local-for-local" procurement, meaning they operate locally. Therefore, only 30 percent of manufacturing costs are "imported" and at risk of tariffs. Siemens did not provide any specific figures, but the Munich-based company is well positioned in the US./ag/ajx

  Publication of the original study: January 21, 2025 / 7:52 PM / UTC

  First distribution of the original study: January 22, 2025 / 6:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 20, 2025

  UBS raises target for Siemens to 240 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Siemens from 200 to 240 euros and maintained its "Buy" rating. A comparison of the Digital Industries' (DI) hardware and software business units with direct competitors has made him even more optimistic, Andre Kukhnin wrote in his analysis published Monday. The Munich-based firm offers investors a "top portfolio story" for 2025./ag/mis

  Publication of the original study: January 20, 2025 / 3:39 a.m. / GMT

  First distribution of the original study: January 20, 2025 / 3:39 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 17, 2025

  Bernstein maintains Siemens' 'Outperform' rating - target 227 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" with a price target of €227. Analyst Nicholas Green described the European capital goods sector as a "patchwork" of diverse business models in his industry commentary published Monday. Siemens is among his most compelling buy recommendations. Opportunities in the areas of automation, data centers, and industrial software would result in a discount for the share price./tih/ag

  Publication of the original study: January 17, 2025 / 5:27 p.m. / UTC

  First distribution of the original study: January 20, 2025 / 6:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 13, 2025

  Jefferies maintains Siemens 'Buy' rating - target 230 euros

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained its "Buy" rating for Siemens with a price target of €230. As the first reporting season of 2025 begins, analyst Simon Toennessen identified shares of seven companies that he believes could surprise upside. These are: Generali, IAG, Pennon, Pernod, Siemens, Siemens Healthineers, and Volvo, according to an assessment released Monday. He sees potential for disappointment in two stocks: Dassault and Moncler./ajx/he

  Publication of the original study: January 13, 2025 / 8:03 a.m. / ET. First distribution of the original study: January 13, 2025 / 11:00 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 9, 2025

  RBC raises target for Siemens to 225 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Siemens from €205 to €225 and maintained its rating at "Outperform." The demand outlook for European capital goods companies appears more positive in 2025, analyst Mark Fielding wrote in a study released Friday. This underpins his expectation of accelerated organic revenue growth for the sector. Furthermore, while the industry valuation is above the long-term average, this is due to a few individual factors. Around two-thirds of the companies he monitors are trading below the ten-year average in terms of price-earnings ratios./mis/zb

  Publication of the original study: January 9, 2025 / 5:44 PM / EST

  First distribution of the original study: January 10, 2025 / 12:45 AM / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 3, 2025

  Berenberg raises target for Siemens to 245 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Siemens from €215 to €245 and maintained its "Buy" rating. A further simplification of the complex corporate structure is necessary and likely, wrote analyst Philip Buller in a study published Monday. Some steps have already been initiated. Management has announced that it is developing a plan for the investment in Siemens Healthineers./mis/bek

  Publication of the original study: January 3, 2025 / 5:13 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 2, 2025

  JPMorgan maintains Siemens' 'Overweight' rating - target 230 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Siemens' "Overweight" rating with a price target of €230. The majority of European capital goods manufacturers appear relatively well-equipped to handle the challenges posed by US import tariffs under the new US President Donald Trump, according to an industry outlook published Friday by the analyst team led by Andrew Wilson. The experts cited a combination of increased production in the US and the companies' pricing power. Meanwhile, Electrolux, Landis+Gyr, Legrand, SKF, and Vestas face comparatively high risks./gl/ajx

  Publication of the original study: January 2, 2025 / 3:27 PM / GMT. First distribution of the original study: January 3, 2025 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 30, 2024

  RBC maintains Siemens' 'Outperform' rating - target €205

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its "Outperform" rating on Siemens with a price target of €205. Analyst Mark Fielding views CFO Ralf Thomas's review of the company's majority stake in medical technology manufacturer Siemens Healthineers in an interview with the "Handelsblatt" newspaper as a positive development. A potential reduction in the stake could significantly contribute to simplifying the technology group's corporate structure, he wrote in a study released Monday. In addition, the stock would have the opportunity to reduce its valuation gap to other electronics stocks.

  Publication of the original study: December 30, 2024 / 3:56 a.m. / EST. First distribution of the original study: December 30, 2024 / 3:56 a.m. / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 19, 2024

  Jefferies raises target for Siemens to 230 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has raised its price target for Siemens from €225 to €230 and maintained its "Buy" rating. Analyst Simon Toennessen expects a solid first quarter and a clear focus on trends in the Digital Industries (DI) segment into the second quarter. The valuation of his top favorite among capital goods stocks for 2025 remains highly attractive, he wrote on Thursday./ag/ajx

  Publication of the original study: December 19, 2024 / 8:32 a.m. / ET First distribution of the original study: December 19, 2024 / 8:32 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 18, 2024

  JPMorgan maintains Siemens' 'Overweight' rating - target 230 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens at "Overweight" with a price target of €230. In a report released Wednesday, analyst Andrew Wilson offered an early outlook on the industrial group's first-quarter results, which will be presented in February. There is little potential for surprises. The stock remains a "top pick," the expert added. It is a favorable opportunity for investors to benefit from attractive cyclical prospects or promising dividend payouts./tih/men

  Publication of the original study: December 18, 2024 / 8:25 PM / GMT

  First distribution of the original study: December 18, 2024 / 8:25 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 13, 2024

  Deutsche Bank Research maintains Siemens 'Buy' rating - target 210 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Siemens with a price target of €210. Analyst Gael de-Bray drew a positive conclusion from the Smart Infrastructure (SI) division's capital markets day in his commentary published on Friday. As the industrial group's largest profit generator, it is an "undervalued growth engine."/tih/ag

  Publication of the original study: December 13, 2024 / Time not specified in the study / CET

  First distribution of the original study: December 13, 2024 / 8:15 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 13, 2024

  RBC maintains Siemens' 'Outperform' rating - target €205

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC maintained its rating for Siemens at "outperform" after its capital markets day, with a price target of €205. The growth and margin targets for the Smart Infrastructure (SI) division largely met expectations, wrote analyst Mark Fielding in his assessment released Friday. However, presentations on the subject indicated that there was still some room for improvement in the medium term./tih/ag

  Publication of the original study: December 13, 2024 / 3:33 a.m. / EST

  First distribution of the original study: December 13, 2024 / 3:33 a.m. / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 12, 2024

  JPMorgan maintains Siemens' 'Overweight' rating - target 230 euros

  NEW YORK (dpa-AFX Analyst) - Following its capital markets day in the Smart Infrastructure segment, US bank JPMorgan maintained its rating for Siemens at "Overweight" with a price target of €230. The increased medium-term targets of comparable growth of 6 to 9 percent and the likewise increased operating margin targets of 16 to 20 percent were the key statements, wrote analyst Andrew Wilson in a report released Thursday. He had expected the increase./ajx/jha/

  Publication of the original study: December 12, 2024 / 4:26 PM / GMT First distribution of the original study: December 12, 2024 / 4:26 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 12, 2024

  UBS maintains Siemens 'Buy' rating - target 200 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Siemens at "Buy" following the Smart Infrastructure division's capital markets day, with a price target of €200. According to his assessment released Friday, analyst Andre Kukhnin gained confidence regarding the division's organic growth target – even though the range is slightly above his previous expectations. The margin targets are also reasonable./tih/ag

  Publication of the original study: December 12, 2024 / 9:27 PM / GMT

  First distribution of the original study: December 12, 2024 / 9:27 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 12, 2024

  Jefferies maintains Siemens 'Buy' rating - target 225 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Siemens at "Buy" with a price target of €225. The Smart Infrastructure division's Capital Markets Day strengthened its confidence that Siemens can achieve its increased medium-term targets, wrote analyst Simon Toennessen in an assessment released Thursday./ajx/nas

  Publication of the original study: December 12, 2024 / 3:24 p.m. / ET First distribution of the original study: December 12, 2024 / 3:24 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 12, 2024

  RBC maintains Siemens' 'Outperform' rating - target €205

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained Siemens' "Outperform" rating with a price target of €205. The technology group had already published new medium-term targets for its Smart Infrastructure (SI) division before the start of its capital markets day, analyst Mark Fielding wrote in a commentary published Thursday. He views these targets positively. They deviate only slightly from consensus estimates and support them. In the short term, however, a potential recovery in Digital Industries (DI) next year is likely to be the major price driver.

  Publication of the original study: December 12, 2024 / 5:45 a.m. / EST. First distribution of the original study: December 12, 2024 / 5:45 a.m. / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 5, 2024

  Bernstein raises target for Siemens - 'Buy ahead of divisional CMD'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has raised its price target for Siemens from €220 to €227 and maintained its rating at "Outperform." Analyst Nicholas Green advises investors to buy the shares ahead of the Smart Infrastructure division's Capital Markets Day (CMD) on December 12. The Munich-based company is likely to raise its medium-term forecast at the event, he wrote in his outlook published Friday. In addition, the company's somewhat underestimated potential in the electronics sector in Europe is likely to become clearer. The company could also demonstrate how it could overcome profitability disadvantages in this area compared to competitors./ag/gl

  Publication of the original study: December 5, 2024 / 10:14 a.m. / UTC First distribution of the original study: December 6, 2024 / 6:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 5, 2024

  JPMorgan maintains Siemens at 'Overweight' - favorite for 2025

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens at "Overweight" with a price target of €230. According to his outlook for the European capital goods sector published on Friday, analyst Andrew Wilson expects a continued shift from cyclicality to quality in 2025. However, he notes increased geopolitical uncertainty and lavish valuations that leave little room for disappointment. Wilson's favorites are Siemens, Andritz, Ashtead, and IMI./ag/gl

  Publication of the original study: December 5, 2024 / 8:23 PM / GMT. First distribution of the original study: December 6, 2024 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 5, 2024

  RBC maintains Siemens' 'Outperform' rating - target €205

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained Siemens' "Outperform" rating with a price target of €205. Thanks to a better market environment, Smart Infrastructure (SI) is likely to achieve annual organic growth rates above the technology group's target range, analyst Mark Fielding wrote in an outlook published Friday for SI's Capital Markets Day on December 12. Growth is already exceeding the company's plans, he added. However, the market has already recognized SI's positive outlook. Therefore, a potential recovery in Digital Industries in 2025 is likely to be the major price driver./gl/nas

  Publication of the original study: December 5, 2024 / 5:45 PM / EST. First distribution of the original study: December 6, 2024 / 12:45 AM / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 3, 2024

  Barclays raises target for Siemens to 130 euros - 'Underweight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has raised its price target for Siemens from €125 to €130, but maintained its rating at "underweight." Even without considering tariff risks, the European capital goods companies are unlikely to see much growth in the coming year, wrote analyst Vladimir Sergievskiy in his outlook published Wednesday. The flagships are also expensive. Siemens' earnings estimates could fall, as could its valuation./ag/nas

  Publication of the original study: December 3, 2024 / 5:48 PM / GMT

  First distribution of the original study: December 4, 2024 / 4:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 29, 2024

  Goldman lowers target for Siemens to 200 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has lowered its price target for Siemens from €204 to €200, but maintained its "Buy" rating. The Smart Infrastructure division's capital markets day is likely to highlight the company's higher earnings potential compared to Digital Industries, thus driving the share price, analyst Daniela Costa wrote on Friday afternoon./ag/zb

  Publication of the original study: November 29, 2024 / 2:50 p.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 27, 2024

  Deutsche Bank Research maintains Siemens 'Buy' rating - target 210 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Siemens at "Buy" with a price target of €210. The Munich-based company is seeing initial glimmers of hope in early-cycle business areas, wrote analyst Gael de-Bray in his commentary on a roadshow with the CEO, published Wednesday./ag/tav

  Publication of the original study: November 27, 2024 / Time not specified in study / CET First distribution of the original study: November 27, 2024 / 07:55 / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 25, 2024

  RBC maintains Siemens' 'Outperform' rating - target €205

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Outperform" with a price target of €205. The recent quarterly reporting season for the European capital goods industry was mixed, wrote analyst Mark Fielding in his summary published on Tuesday. While around 48 percent of the companies missed their forecasts, the results of around 40 percent were better than expected. He considers the shares of Siemens, Metso, Daimler Truck, SKF, IMI, Weir, and Bodycote attractive./edh/ag

  Publication of the original study: November 25, 2024 / 5:49 PM / EST

  First distribution of the original study: November 26, 2024 / 12:45 AM / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 24, 2024

  Bernstein maintains Siemens' 'Outperform' rating - target 220 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" with a price target of €220 following the announced Altair acquisition. Analyst Nicholas Green addressed the question of whether the $10 billion acquisition was the right decision for the technology group in a study published Monday. Even though the purchase price is expensive, he considers it appropriate considering the growth of the Americans, he wrote./edh/la

  Publication of the original study: November 24, 2024 / 7:25 p.m. / UTC

  First distribution of the original study: November 25, 2024 / 6:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 19, 2024

  Deutsche Bank Research raises target for Siemens to 210 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Siemens from €200 to €210 and maintained its "Buy" rating. Analyst Gael de-Bray took an in-depth look at the automation market in a study published Tuesday. An end to the downturn is in sight in this niche, and the company is likely to do everything in its power to capitalize on this situation. He postponed the valuation period into the future. Siemens is the cheapest stock among the automation and electrification sector./tih/mis

  Publication of the original study: November 19, 2024 / Time not specified in the study / CET

  First distribution of the original study: November 19, 2024 / 7:57 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 15, 2024

  Deutsche Bank Research maintains Siemens 'Buy' rating - target 200 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Siemens at "Buy" following its quarterly results, with a price target of €200. Free cash flow is impressive, wrote analyst Gael de-Bray in a study published Friday. He also praised the confident outlook for 2024/25./edh/tih

  Publication of the original study: November 15, 2024 / Time not specified in study / CET

  First distribution of the original study: November 15, 2024 / 7:55 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 15, 2024

  UBS maintains Siemens 'Buy' rating - target 200 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Siemens with a price target of €200. It has reduced its earnings forecasts (Ebita) for the industrial business for 2025/26, primarily due to lower margin expectations for the Digital Industries division, analyst Andre Kukhnin wrote in a study released Friday. However, the technology group's shares remain attractively valued./edh/tih

  Publication of the original study: November 15, 2024 / 6:45 a.m. / GMT

  First distribution of the original study: November 15, 2024 / 6:45 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 14, 2024

  RBC maintains Siemens' 'Outperform' rating - target €205

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Outperform" after the company's earnings release, with a price target of €205. Earnings in the fourth fiscal quarter exceeded expectations by four percent, wrote analyst Mark Fielding in a report released Thursday. The outlook for the new fiscal year supports the analyst consensus./tih/gl

  Publication of the original report: November 14, 2024 / 2:12 a.m. / EST First distribution of the original report: November 14, 2024 / 2:12 a.m. / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 14, 2024

  Goldman maintains Siemens 'Buy' rating - target 204 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens with a price target of €204. Analyst Daniela Costa, in an initial reaction on Thursday morning, attested to a solid fourth quarter for the Munich-based company. She highlighted the order situation in the Digital Industry (DI) segment as a positive./ag/tav

  Publication of the original study: November 14, 2024 / 7:07 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 14, 2024

  Jefferies maintains Siemens 'Buy' rating - target 225 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Siemens at "Buy" with a price target of €225 following the company's earnings release. Analyst Simon Toennessen, in a report released Thursday, attested to a strong fourth quarter and a solid outlook for the industrial group. However, he sees some need for clarification regarding the large target range for the margin in the Digital Industries segment./tih/gl

  Publication of the original study: November 14, 2024 / 2:04 AM / ET. First distribution of the original study: November 14, 2024 / 2:04 AM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 14, 2024

  Berenberg maintains Siemens 'Buy' rating - target 215 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Siemens following its quarterly results, with a price target of €215. Analyst Philip Buller, in an initial assessment released Thursday, confirmed that the industrial group had a strong end to the fiscal year. He also emphasized that the targets for the new fiscal year are in line with market expectations. This is positive for a stock that he still fundamentally considers too cheap./tih/gl

  Publication of the original study: November 14, 2024 / 7:21 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 14, 2024

  JPMorgan maintains Siemens' 'Overweight' rating - target 215 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens at "Overweight" with a price target of €215 following the company's earnings release. Analyst Andrew Wilson wrote in an initial assessment released Thursday that the industrial group exceeded expectations across the board in the fourth fiscal quarter. The analyst consensus is within the target ranges for 2025./tih/gl

  Publication of the original study: November 14, 2024 / 07:08 / GMT. First distribution of the original study: November 14, 2024 / 07:08 / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 14, 2024

  Bernstein maintains Siemens' 'Outperform' rating - target 220 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" after the company's earnings release, with a price target of €220. Analyst Nicholas Green attested to the industrial group's strong performance in a study released Thursday for the past fiscal year. The outlook for the new fiscal year is solid./tih/mis

  Publication of the original study: November 14, 2024 / 7:18 a.m. / UTC

  First distribution of the original study: November 14, 2024 / 7:18 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 8, 2024

  Deutsche Bank Research raises target for Siemens to 200 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Siemens from €197 to €200 and maintained its "Buy" rating. In the short term, the persistently weak trends in the automation business are shaping sentiment, wrote analyst Gael de-Bray in his commentary published Friday. However, the prospect of further economic stimulus measures in China should make the stock more attractive. Siemens is trading at a discount of more than 25 percent to the automation and electrification sector./gl/ag

  Publication of the original study: November 8, 2024 / 8:30 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 5, 2024

  JPMorgan maintains Siemens' 'Overweight' rating - target 215 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Siemens' "Overweight" rating with a price target of €215 following a meeting with the head of Siemens Digital Industries Software. The meeting with Tony Hemmelgarn was extremely informative and far-reaching, wrote analyst Andrew Wilson in a report released Tuesday. The central statement referred to the pace at which the market for industrial software is developing./ajx/jha/

  Publication of the original study: November 5, 2024 / 5:01 PM / GMT First distribution of the original study: November 5, 2024 / 5:01 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 1, 2024

  Goldman maintains Siemens 'Buy' rating - target 204 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Siemens in a weekly review with a price target of €204. The industrial company's shares were also confirmed on its "Conviction Buy List" for particularly promising stocks. Shares of mechanical engineering companies performed slightly worse last week than those of electrical engineering companies, and shares in the aerospace and defense sector performed worse than shares of companies in the capital goods sector, wrote analyst Daniela Costa in an industry study released Monday./ck/gl

  Publication of the original study: November 1, 2024 / 9:48 p.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  UBS maintains Siemens 'Buy' rating - target 200 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Siemens with a price target of €200 in light of the Altair acquisition. Analyst Andre Kukhnin considers the acquisition a strategically attractive, but expensive, move in a study published Thursday. To a certain extent, this is defensive, as Siemens is thus securing its positions in the areas of PLM simulation and Electronic Design Automation (EDA)./tih/he

  Publication of the original study: October 31, 2024 / 4:37 p.m. / GMT First distribution of the original study: October 31, 2024 / 4:37 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  Berenberg maintains Siemens 'Buy' rating - target 215 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on Siemens with a price target of €215. The proposed acquisition of the US software group Altair makes strategic sense for the technology group, wrote analyst Philip Buller in a study published Thursday. While the price is high, even considering the significant synergies being pursued, it is understandable.

  Publication of the original study: October 31, 2024 / 4:24 p.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  Deutsche Bank Research maintains Siemens 'Buy' rating - target 197 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained Siemens' "Buy" rating with a price target of 197 euros in view of takeover plans. The $113 per share offered for the American software company Altair represented a 19 percent premium to its closing price on October 21, the day before the first media reports about it, wrote analyst Gael de-Bray in a study published Thursday./gl/mis

  Publication of the original study: October 31, 2024 / 8:08 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  Bernstein maintains Siemens' 'Outperform' rating - target 220 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" with a price target of €220. The Altair purchase is expensive, but worth it, wrote analyst Nicholas Green in a study released Thursday./ajx/mis

  Publication of the original study: October 31, 2024 / 11:14 / UTC First distribution of the original study: October 31, 2024 / 11:14 / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  RBC maintains Siemens' 'Outperform' rating - target €205

  NEW YORK (dpa-AFX Analyser) - The Canadian bank RBC has maintained its rating for Siemens at "Outperform" with a price target of 205 euros on the occasion of the announced takeover of the US software company Altair Engineering. The planned purchase for around $10 billion is a logical addition to the portfolio in the software business of the Digital Industries division and is within the scope of the technology group's balance sheet capabilities, wrote analyst Mark Fielding in an initial response released Thursday./edh/zb

  Publication of the original study: October 31, 2024 / 3:29 a.m. / EDT

  First distribution of the original study: October 31, 2024 / 3:29 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  Jefferies maintains Siemens 'Buy' rating - target 225 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Buy" rating for Siemens, with a price target of €225, in light of its proposed acquisition of the US software company Altair Engineering. Analyst Simon Toennessen, in his commentary published Thursday, described the deal as "very sensible from an industry perspective." It would strengthen the technology group's offering in the growing simulation market, which is driven by increasing expertise in AI and high-performance computing. Toennessen expressed surprise at the high synergy potential, even though the valuation appears high. Siemens would also become a credible competitor to the SNP Group, Ansys, and Cadence Design Systems./ck/ag

  Publication of the original study: October 30, 2024 / 6:50 PM / ET

  First distribution of the original study: October 30, 2024 / 6:50 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  JPMorgan maintains Siemens' 'Overweight' rating - target 215 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens at "Overweight" with a price target of €215 following the now officially announced acquisition of Altair Engineering. Key details of the deal are expected to be discussed at the upcoming conference call, analyst Andrew Wilson wrote in his initial reaction on Thursday./edh/ag

  Publication of the original study: October 30, 2024 / 11:57 PM / GMT

  First distribution of the original study: October 30, 2024 / 11:57 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 28, 2024

  JPMorgan maintains Siemens' 'Overweight' rating - target 215 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens at "Overweight" with a price target of €215. Analyst Andrew Wilson updated his outlook for the Munich-based company's quarterly report on Monday evening. He is slightly below the current consensus for revenue and order intake, and slightly above the current consensus for earnings./ag/ajx

  Publication of the original study: October 28, 2024 / 11:35 PM / GMT

  First distribution of the original study: October 28, 2024 / 11:35 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 25, 2024

  Deutsche Bank Research maintains Siemens 'Buy' rating - target 197 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Siemens at "Buy" with a price target of €197 following a media report about a possible acquisition in the US. An acquisition of US software manufacturer Altair Engineering would be strategically important, wrote analyst Gael de-Bray in a study released Friday. The technology group would be one of the few players with sufficient financial resources to finance Altair in cash./edh/nas

  Publication of the original study: October 25, 2024 / Time not specified in the study / CET

  First distribution of the original study: October 25, 2024 / 8:00 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 23, 2024

  RBC maintains Siemens' 'Outperform' rating - target €205

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "outperform" with a price target of €205. A rumored acquisition of Altair Engineering would fit into Siemens' digital industries strategy, analyst Mark Fielding wrote in a report released Thursday. It could also be supported from a balance sheet perspective. However, Altair Engineering's high valuation could slightly dilute Siemens' earnings./bek/tih

  Publication of the original study: October 23, 2024 / 4:45 p.m. / EDT

  First distribution of the original study: October 23, 2024 / 4:45 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 23, 2024

  Jefferies maintains Siemens 'Buy' rating - target 225 euros

  NEW YORK (dpa-AFX Analyst) - Following a media report about a potential acquisition in the US, analyst Jefferies has maintained its rating for Siemens at "Buy" with a price target of €225. An acquisition of US software manufacturer Altair Engineering would make sound industrial sense for the technology group, wrote analyst Simon Toennessen in an initial reaction released Thursday. If management were to cash in its stake in Siemens Healthineers and use it to finance such a deal, this could significantly offset the high price for Altair./edh/bek

  Publication of the original study: October 23, 2024 / 4:58 PM / ET

  First distribution of the original study: October 23, 2024 / 4:58 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 14, 2024

  RBC raises target for Siemens to 205 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has raised its price target for Siemens from €195 to €205 and maintained its rating at "outperform." Analyst Mark Fielding wrote in a sector report released Tuesday that the current year will be a real grind for industrial goods manufacturers. It is characterized by weak demand, not least in end markets such as automotive and aerospace. However, Siemens, with its "undervalued quality," is one of his favorites./bek/tav

  Publication of the original study: October 14, 2024 / 5:38 PM / EDT

  First distribution of the original study: October 15, 2024 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 10, 2024

  JPMorgan maintains Siemens' 'Overweight' rating - target 215 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a price target of €215 on Siemens at "Overweight." Analyst Andrew Wilson adjusted his valuation model for the technology group in anticipation of its quarterly results due on November 14, following discussions with management, an analysis of macro data, and interim reports from competitors, as he wrote in his outlook published on Friday. The starting position is good. The challenges in Digital Industries are well known, and Siemens continues to make progress in other areas./gl/ag

  Publication of the original study: October 10, 2024 / 7:19 p.m. / BST First distribution of the original study: October 11, 2024 / 12:15 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 8, 2024

  Bernstein maintains Siemens' 'Outperform' rating - target 220 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" with a price target of €220. Analyst Nicholas Green examined emissions strategies in the European capital goods industry in an industry study published Tuesday. Due to inconsistent data, it is difficult to determine which stock is best suited for sustainability. ABB is ranked best among the major sector leaders, followed by companies such as Siemens and Dürr./tih/mis

  Publication of the original study: October 8, 2024 / 5:00 a.m. / UTC

  First distribution of the original study: October 8, 2024 / 5:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 30, 2024

  Deutsche Bank Research maintains Siemens 'Buy' rating - target 197 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Siemens with a price target of €197. The company should still be able to achieve the lower end of its earnings target range for fiscal year 2023/24, wrote analyst Gael de-Bray in his outlook for the quarterly report published on Monday. However, he cut his estimates for the 2024/25 fiscal year./ag/edh

  Publication of the original study: September 30, 2024 / Time not specified in the study / CET

  First distribution of the original study: September 30, 2024 / 8:40 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 27, 2024

  Bernstein maintains Siemens' 'Outperform' rating - target 220 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Siemens at "Outperform" with a price target of €220. The shares offer a high return given their low valuation, wrote analyst Nicholas Green in his outlook for the fourth quarter of the European capital goods industry published on Monday. They are expecting a revival in the automation business./ag/edh

  Publication of the original study: September 27, 2024 / 4:00 p.m. / UTC

  First distribution of the original study: September 30, 2024 / 5:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  Berenberg lowers target for Siemens to 215 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg lowered its price target for Siemens from €220 to €215, but maintained its "Buy" rating. Following a discussion with CFO Ralf Thomas, analyst Philip Buller lowered his estimates for the Digital Industries (DI) division while raising them for the Smart Infrastructure segment. In the study published Thursday, he also pointed to the challenges in China./ajx/jha/

  Publication of the original study: September 26, 2024 / 5:37 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 25, 2024

  Jefferies lowers target for Siemens to 225 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies lowered its price target for Siemens from €230 to €225 ahead of fourth-quarter results and maintained its "Buy" rating. He believes the consensus estimates for the final quarter are generally in the right place, but expects a conservative outlook for the Digital Industries (DI) division, wrote analyst Simon Toennessen in a report released Wednesday. The expert reduced his DI forecasts for the 2024/25 fiscal year./edh/men

  Publication of the original study: September 25, 2024 / 3:21 PM / ET

  First distribution of the original study: September 25, 2024 / 3:21 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 25, 2024

  JPMorgan maintains Siemens' 'Overweight' rating - target 215 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Siemens at "Overweight" with a price target of €215 ahead of fourth-quarter results. Analyst Andrew Wilson continues to expect earnings per share to be in line with the company's target for the past fiscal year, according to an outlook released Wednesday. However, he sees downside risks for the annual revenue of the Digital Industries division./edh/men

  Publication of the original study: September 25, 2024 / 7:10 PM / BST

  First distribution of the original study: September 25, 2024 / 7:10 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 23, 2024

  RBC maintains Siemens' 'Outperform' rating - target €195

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Outperform" with a price target of €195. With the spin-off of its electric vehicle charging solutions business, Siemens is continuing its portfolio streamlining, analyst Mark Fielding wrote on Monday./ajx

  Publication of the original study: September 23, 2024 / 6:13 a.m. / EDT

  First distribution of the original study: September 23, 2024 / 6:13 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 17, 2024

  RBC maintains Siemens' 'Outperform' rating - target €195

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Outperform" with a price target of €195. Recent profit warnings from TT Electronics and Essentra indicate that business in the US and other regions is performing worse than expected, wrote analyst Mark Fielding in his industry commentary on the capital goods sector published Wednesday. This implies certain risks for the second half of the year. He is somewhat more relaxed about process-oriented companies in the oil and gas and raw materials sectors, but the mood is already somewhat more cautious for many short-cycle business models./tih/ag

  Publication of the original study: September 17, 2024 / 6:22 p.m. / EDT

  First distribution of the original study: September 18, 2024 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 10, 2024

  JPMorgan maintains Siemens' 'Overweight' rating - target 215 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its "Overweight" rating on Siemens with a price target of €215. His preferred stocks in the European capital goods sector are Alstom, IMI, Kion, Knorr-Bremse, Prysmian, Rotork, and Schneider Electric, wrote analyst Andrew Wilson in his commentary published Wednesday. He attests to reasonable valuations and consensus estimates. At Siemens, challenges in the Digital Industries automation business are likely to persist, and the timing of a recovery is uncertain. This is likely to prove a drag on the stock in the short term. However, if expectations for 2025 prove reasonable, things could improve again in the final quarter. Meanwhile, the expert advises against Alfa Laval and Siemens Energy./gl/ag

  Publication of the original study: September 10, 2024 / 7:38 PM / BST First distribution of the original study: September 11, 2024 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 2, 2024

  RBC maintains Siemens' 'Outperform' rating - target €195

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Siemens at "Outperform" with a price target of €195. Uncertainty about the economic cycle has dominated capital goods companies' outlook for the second half of the year, analyst Mark Fielding wrote in an industry report released Tuesday. He expects only moderate growth in the sector in the second half of the year, as demand is partially postponed until 2025. He is focusing on stocks with attractive valuations. These included Siemens, Metso, Daimler Truck, SKF, IMI, Weir, and TT Electronics./ajx/gl

  Publication of the original study: September 2, 2024 / 9:58 PM / EDT. First distribution of the original study: September 3, 2024 / 12:45 AM / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 2, 2024

  Bernstein lowers target for Siemens to 220 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has lowered its price target for Siemens slightly from €222 to €220 and maintained its rating at "outperform." Analyst Nicholas Green outlined his investment ideas for the capital goods sector for the remainder of the year in an industry report released Tuesday. With regard to Siemens, he expects a recovery in the automation sector in 2025 and thus sees a good opportunity to invest in Siemens shares./tih/ck

  Publication of the original study: September 2, 2024 / 7:47 PM / UTC

  First distribution of the original study: September 3, 2024 / 5:05 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 12, 2024

  UBS maintains Siemens 'Buy' rating - target 200 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Siemens after the company's earnings release, with a price target of €200. Despite the significantly better-than-expected figures for the third fiscal quarter, analyst Andre Kukhnin largely maintained his estimates, wrote in a study released Monday. He justified this by stating that a large portion of the positive surprises were due to a concentration of large software orders, which is unlikely to be repeated./ck/ajx

  Publication of the original study: August 12, 2024 / 02:07 / GMT

  First distribution of the original study: August 12, 2024 / 02:07 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.