Deutsche Bank Downgrades Siemens (SI) to Hold; Losing Momentum
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Price: $1.25 --0%
Rating Summary:
6 Buy, 16 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
6 Buy, 16 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Deutsche Bank downgraded Siemens (NYSE: SI) to Hold with a price target of E100 from E110.
Deutsche analyst says, "Siemens results were mixed, with the world-class businesses doing very well but material margin slippage at several of the smaller divisions. With margins likely to fall at Fossil Power and growth slowing at the automation businesses, we think Siemens will deliver minimal earnings growth in FY2012."
For more ratings news on Siemens click here and for the rating history of Siemens click here.
Shares of Siemens closed at $127.86 yesterday.
Deutsche analyst says, "Siemens results were mixed, with the world-class businesses doing very well but material margin slippage at several of the smaller divisions. With margins likely to fall at Fossil Power and growth slowing at the automation businesses, we think Siemens will deliver minimal earnings growth in FY2012."
For more ratings news on Siemens click here and for the rating history of Siemens click here.
Shares of Siemens closed at $127.86 yesterday.
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