Goldman Sachs Removes Siemens (SI) from Conviction Buy List
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Price: $20.73 +7.80%
Rating Summary:
10 Buy, 15 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 15 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs removed Siemens (NYSE: SI) from its Conviction Buy List but maintained a Buy rating. The firm sees limited catalysts for earnings upgrades.
The firm is maintaining their Buy rating citing the "unjustified valuation gap between Siemens (CY2012/13 EV/EBIT at 6.6x/5.8x) and the sector (2012/13 EV/EBIT at 7.6x/6.4x)."
For more ratings news on Siemens click here and for the rating history of Siemens click here.
Shares of Siemens closed at $122.57 yesterday.
The firm is maintaining their Buy rating citing the "unjustified valuation gap between Siemens (CY2012/13 EV/EBIT at 6.6x/5.8x) and the sector (2012/13 EV/EBIT at 7.6x/6.4x)."
For more ratings news on Siemens click here and for the rating history of Siemens click here.
Shares of Siemens closed at $122.57 yesterday.
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