Siemens Energy: Jefferies raises target price

(CercleFinance.com) - Jefferies has confirmed its "buy" rating on Siemens Energy shares, having increased its corresponding target price from 28 euros to 37 euros, seeing significant upside potential of at least 30% - and even about 60% in its "upside scenario based on more ambitious growth/margins/multiples".


"Our hydrogen deep-dive in this note combined with a significant re-rating of the Gas & Power asset suggests the market materially underestimates the return potential of the stock", the broker summarises.

The share is currently up over 5% in Frankfurt.


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