(CercleFinance.com) – In a note released this morning, Berenberg confirms its ‘buy’ advice on Siemens, with a price target raised from 170 to 180 euros, after the conglomerate’s better-than-expected quarterly results as well as forecasts for 2024 exceeding expectations.
‘Siemens continues to keep its promises and to embody the assurance of sustainable growth at a time when the stock is trading on the basis of unprecedented discounts compared to its comparables’, underlines Berenberg.
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