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Siemens Healthineers: Berenberg raises target price

(CercleFinance.com) - German broker Berenberg has raised its target price for the shares of health technology company Siemens Healthineers to 50 euros, from 42 euros previously.

The broker - which has a "buy" rating on the stock - said in a note that "all is becoming clear."

"Siemens Healthineers has bold plans to grow revenues by over 5% p.a. organically and adjusted EPS by 10% p.a., while committing to an attractive dividend," Berenberg wrote in a note.

With this in mind, Berenberg believes the targets look "increasingly underpinned."

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