Deutsche Bank Upgrades Siemens (SI) to Buy; Subtle Shift
Tweet Send to a Friend
Get Alerts SI Hot Sheet
Price: $106.87 +1.51%
Rating Summary:
5 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade SI Now!
Deutsche Bank upgraded Siemens (NYSE: SI) to Buy with a price target raised from EUR80 to EUR85.
Analyst, Peter Reilly, said, "Siemens has been disappointingly accident-prone in recent quarters, with sizeable losses on various contractual disputes. We think that this was partly due to an excessive focus on growth with inadequate focus on risks. We also think that this has been the main cause of the poor share price development and consequent depressed valuation. We see signs that the focus is shifting back towards profitability and are upgrading to Buy."
For an analyst ratings summary and ratings history on Siemens click here. For more ratings news on Siemens click here.
Shares of Siemens closed at $84.34 yesterday, with a 52 week range of $83.00-$138.46.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Peter Reilly, said, "Siemens has been disappointingly accident-prone in recent quarters, with sizeable losses on various contractual disputes. We think that this was partly due to an excessive focus on growth with inadequate focus on risks. We also think that this has been the main cause of the poor share price development and consequent depressed valuation. We see signs that the focus is shifting back towards profitability and are upgrading to Buy."
For an analyst ratings summary and ratings history on Siemens click here. For more ratings news on Siemens click here.
Shares of Siemens closed at $84.34 yesterday, with a 52 week range of $83.00-$138.46.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
- Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
- SunTrust Robinson Humphrey Upgrades Whiting Petroleum (WLL) to Buy
Create E-mail Alert Related Categories
Analyst PT Change, UpgradesRelated Entities
Deutsche Bank
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
