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.
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"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.

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