Siemens: Morgan Stanley 'remains constructive' on stock
(CercleFinance.com) - Morgan Stanley has reiterated its "overweight" recommendation with a target price of 139 euros on the Siemens stock, saying that “We remain constructive on Siemens at current levels and expect further outperformance”.
“We believe that Power & Gas margins have troughed, that Digital Factory is undervalued, and that the new Vision 2020+ program will add momentum in what remains the cheapest Large Cap Industrial globally,” it adds.
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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.
“We believe that Power & Gas margins have troughed, that Digital Factory is undervalued, and that the new Vision 2020+ program will add momentum in what remains the cheapest Large Cap Industrial globally,” it adds.
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.