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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