Siemens: Morgan Stanley positive ahead of results
(CercleFinance.com) - Morgan Stanley said on Wednesday that it remains positive on the shares of Germany's Siemens, is maintaining its "overweight" rating and target price of 139 euros.
Siemens shares are currently trading 0.5% lower at 120.6 euros, bang in line with Frankfurt's DAX index (also down 0.5%).
In a research note, Morgan Stanley explains why Siemens shares will be able to "kick on" from here.
With Siemens reporting its quarterly results on Thursday, the German conglomerate is also expected to announce a new strategic plan.
"We expect changes to margin ranges to support our 2019 forecasts, while greater clarity on the strategic direction, especially in automation and software, could be an upside lever."
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.
Siemens shares are currently trading 0.5% lower at 120.6 euros, bang in line with Frankfurt's DAX index (also down 0.5%).
In a research note, Morgan Stanley explains why Siemens shares will be able to "kick on" from here.
With Siemens reporting its quarterly results on Thursday, the German conglomerate is also expected to announce a new strategic plan.
"We expect changes to margin ranges to support our 2019 forecasts, while greater clarity on the strategic direction, especially in automation and software, could be an upside lever."
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.