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Siemens Energy: Oddo raises TP in favourable context

( - In a favourable context, the Siemens Energy group announced its preliminary Q1 order intake of 7.
43 billion euros (new consensus at 7.24 billion euros), along with revenues of 6.54 billion euros, up 3% year-on-year (consensus at 6.71 billion euros) and an adjusted EBITA before special charges of 366 million euros, representing a margin of 5.6% (consensus of 1.8%), Oddo reports.

The broker is therefore maintaining its buy rating on the Siemens Energy stock, while increasing its corresponding target price to 37 euros, compared with 28 euros previously.

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