Should you buy or sell Siemens shares? Know what analysts recommend
Analysts have cited concerns over a potential slowdown in private capital expenditure.
Siemens Share Price Target: As the stock of heavy electrical equipment major continues to correct for the sixth straight session today (December 24, 2024), here's brokerage take on the stock for investor to reassess their position in the stock.
Should you buy or sell Siemens shares?
Siemens Share Price Target: Analysts from foreign brokerage firm Macquarie have maintained their rating on Siemens' stock.
The brokerage cited concerns over a potential slowdown in private capital expenditure.
Brokerage maintains rating on Siemens
Macquarie has maintained a 'neutral' rating on the Siemens stock with a target price cut to Rs 6,650 from 6,900.
Here are key takeaways from the brokerage analysts:
Siemens' recent earnings call highlighted a near-term slowdown in private capex, despite new capex projects across its business segments.
According to the brokerage, the company also expressed limited near-term visibility on large-value tenders for mobility and energy.