Siemens Gamesa: shares up, UBS initiates with 'buy'
(CercleFinance.com) - Shares in Siemens Gamesa rose as much as 2.
5 percent after UBS initiated coverage of the stock with a "buy" rating and a target of 15.2 euros.
In a report, UBS cited the wind farm maker's strong volume growth outlook, with synergies set to unlock margins and value, amid attractive valuation.
At 11.30 in Madrid, shares of Siemens Gamesa were up 1.6 percent at 11.4 euros.
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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.
5 percent after UBS initiated coverage of the stock with a "buy" rating and a target of 15.2 euros.
In a report, UBS cited the wind farm maker's strong volume growth outlook, with synergies set to unlock margins and value, amid attractive valuation.
At 11.30 in Madrid, shares of Siemens Gamesa were up 1.6 percent at 11.4 euros.
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.