Siemens: UBS still a buyer
(CercleFinance.com) - A UBS analyst today said that he is maintaining his “Buy” rating on the Siemens stock, with the stages of the Vision 2020+ plan and the merger between Siemens Mobility and Alstom becoming clearer, the broker says.
Remember that the planned merger between Siemens Mobility and Alstom reached a new milestone at the end of last week, with both groups announcing the filing of an application for the deal's go-ahead as part of the procedure for merger clearance at the European Commission.
UBS also reiterates its target price of 138 euros for the Siemens stock.
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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.
Remember that the planned merger between Siemens Mobility and Alstom reached a new milestone at the end of last week, with both groups announcing the filing of an application for the deal's go-ahead as part of the procedure for merger clearance at the European Commission.
UBS also reiterates its target price of 138 euros for the Siemens stock.
Copyright (c) 2018 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.