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Siemens Energy: UBS maintains buy rating thanks to outlook

(CercleFinance.com) - UBS has reiterated its "buy" rating on Siemens Energy shares, maintaining its target price at 25 euros, which represents 66% upside potential for the stock of the German power plant manufacturer and parent company of Siemens Gamesa Renewable Energy.


The broker points to a strong forecast for the 2022-23 financial year, "with potential for MSD growth and c100-150bps annual margin expansion over the next 5 years".


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