Siemens Healthineers: Credit Suisse upgrades to 'outperform'
(CercleFinance.com) - Credit Suisse has upgraded its rating on the share of German health technology company Siemens Healthineers from "neutral" to "outperform," seeing an attractive entry point, created after the shares' recent sell-off.
Citing the "defensive nature" of the healthcare sector, the broker also pointed out the resilience and structural growth of the imaging equipment market.
However, it has shaved one euro off its previous target price of 37 euros to 36 euros.
Despite these positive comments, Siemens Healthineers shares were trading down over 4% in Frankfurt on Wednesday.
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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.
Citing the "defensive nature" of the healthcare sector, the broker also pointed out the resilience and structural growth of the imaging equipment market.
However, it has shaved one euro off its previous target price of 37 euros to 36 euros.
Despite these positive comments, Siemens Healthineers shares were trading down over 4% in Frankfurt on Wednesday.
Copyright (c) 2020 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.