(CercleFinance.com) – The title ends the day in the red after the analysis of Credit Suisse. The research department downgrades its opinion on Siemens Gamesa from ‘outperformance’ to ‘neutral’ with a price target lowered from 22 to 18.05 euros, thus aligning it with the voluntary public offer price proposed by its parent company Siemens Energy on May 21.
“We understand from Siemens Energy that 75% is required for a delisting (i.e. 7% of the 32.9% of the capital held by minority shareholders)”, affirms the broker, for whom “the offer is likely to ‘move forward, given the low acceptance amount required’.
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