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Siemens: UBS raises target price

( - UBS reinstates its "buy" rating on the Siemens share, having increased its corresponding target price from 135 euros to 145 euros, which suggests upside potential of 12% for the share of the German industrial conglomerate.

"Siemens recorded a solid start to FY21 with 1Q21 results beating expectations across all metrics," the broker said, adding that "The company also raised their divisional as well as group guidance for FY21".

The share is up exactly 2% an hour before close on Wednesday.

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