Siemens: UBS sees 'year full of catalysts ahead'
(CercleFinance.com) - UBS maintains its "buy" rating on the Siemens share, with a target price of 127 euros, seeing a "year full of catalysts ahead.
"Despite a slow start to fiscal year 2020, we remain constructive as we see a year full of potential positive catalysts," the broker said, citing in particular progress on de-conglomeration.
The share has not particularly benefited from these positive comments, edging up just 0.2% at 109.6 euros in late morning trading on the Frankfurt Stock Exchange.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.