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UBS downgrades Siemens Energy to sell despite increased price target

UBS has downgraded Siemens Energy shares from "neutral" to "sell," despite raising the price target from 23 to 38 euros, citing that the stock is "priced for perfection." Following this recommendation, shares fell nearly 4% to 50.10 euros, with analysts highlighting overlooked risks in the wind power sector and potential economic challenges.

siemens energy faces market skepticism amid wind power challenges and share decline

Siemens Energy faces mounting pressure as UBS downgrades its rating to "sell," citing risks in the wind power sector, particularly with Siemens Gamesa's troubled onshore turbines. Bernstein Research echoes this skepticism, highlighting overly optimistic expectations for the Gas and Power division. Following a peak of over 55 euros, Siemens Energy shares have seen a significant decline, reflecting growing market concerns.

siemens energy shares decline after UBS downgrade amid wind power concerns

Siemens Energy shares have faced a downturn after reaching a record high of over 55 euros, dropping nearly three percent following a sell recommendation from UBS. Analyst Supriya Subramanian highlighted overlooked risks in the wind power subsidiary Siemens Gamesa and potential economic challenges, particularly in the US. Bernstein Research's Nicholas Green also issued a "sell" recommendation, citing delayed profit thresholds in the wind sector and excessive optimism in the gas and power division.

Siemens Energy shares decline after UBS downgrade amid ongoing challenges

Siemens Energy shares are facing challenges after a downgrade from UBS, with a nearly three percent drop to 50.38 euros. Despite a remarkable rise in 2024, analysts warn of overlooked risks, particularly for Siemens Gamesa and potential economic issues in the U.S., leading to concerns about over-optimism in the Gas and Power division.

analysts raise alstom price targets amid positive financial results

Alstom shares have shown a positive trend, rising significantly in recent weeks, with a notable increase of 4.74% to USD 22.36 on November 14, 2024. Analysts from various banks have adjusted their target prices, with DZ Bank raising its fair value to 24 euros while maintaining a "Hold" rating, and JPMorgan increasing its target to 24.80 euros with an "Overweight" rating, reflecting confidence in the company's turnaround despite ongoing challenges.
13:44 15.11.2024
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