(CercleFinance.com) – The stock rose nearly 3% at the end of the day. UBS reiterates its ‘buy’ recommendation on Siemens Energy with a price target left at 25 euros, representing a potential upside of 66% for the title of the German power plant builder and parent company of Siemens Gamesa Renewable Energy.
The broker is putting forward strong guidance for fiscal year 2022-23, ‘with potential for growth in the mid-single digit range and annual margin expansion of around 100 to 150 basis points over the course of of the next five years’.
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