Siemens: Morgan Stanley raises target price

(CercleFinance.com) - Morgan Stanley has raised its target price for the Siemens share from 119 euros to 125 euros, ahead of the German conglomerate's portfolio change over the coming months.


By September 2020, Siemens will have been split into three DAX-listed entities, with the original business set to be dominated by automation and software, the broker wrote in a note.

Morgan added that the shares should be seen as a relative "overweight" in an increasingly challenged sector, adding that valuation arbitrage toward 130 euros is "clear."

The Siemens share is currently up 0.4% at 104.5 euros in Frankfurt.

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