JP Morgan Chase & Co. gives Siemens Energy shares an underweight rating

JP Morgan Chase & Co. has conducted a careful analysis of Siemens Energy shares. Here are the observed results.

The US bank JPMorgan has left the rating for Siemens Energy at “Underweight” with a price target of 9.90 euros based on key data. The energy technology group had a good start to the new financial year, wrote analyst Akash Gupta in a study available on Tuesday. The results exceeded expectations. However, the unchanged forecast for the current financial year and company comments indicated that the surprisingly good development could be due to the seasonality of the business./la/he

Between price and quarter: This is what Siemens Energy shares are doing on the day of the detailed examination

At 8:02 a.m., Siemens Energy shares rose. In the Frankfurt meeting, the paper climbed 0.9 percent to EUR 12.90. The share certificate therefore still has a downside risk of 23.26 percent based on the specified price target. So far, 4,750 Siemens Energy shares have been bought or sold via Frankfurt. Since the beginning of 2024, the stock has climbed 7.8 percent. The Q1 2024 financial results are expected to be presented on February 7, 2024.

NEW YORK (dpa-AFX Analyzer) / editorial team

Publication of the original study: January 23, 2024 / 9:01 p.m. / GMT First distribution of the original study: January 23, 2024 / 9:01 p.m. / GMT

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at disclosure_duty.html.

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