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Siemens (SI +0.2%) gets some support from Deutsche Bank today, upgrading the shares from Sell to...

Siemens (SI +0.2%) gets some support from Deutsche Bank today, upgrading the shares from Sell to Hold and raising its price target from $70 to $75. Deutsche says that as we get closer to FY14, it expects investors to look through FY2013, which has turned out to be to be a rather messy transition year. SI's exit from Osram and NSN will make it simpler to value, but cautions that the future shape and investment needs of the Infrastructure & Cities sector still remain unclear.
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Comments (2)
  • kgerickson
    , contributor
    Comments (324) | Send Message
     
    Please...... upgrading price target to 75 when it's trading at 103 and yields 3.8%. How did that sell recommendation work out? Another reason not to follow these target prices.
    9 Jul 2013, 03:16 PM Reply Like
  • zoroast100
    , contributor
    Comments (46) | Send Message
     
    I believe they meant the price to be in Euros not $$.
    9 Jul 2013, 04:14 PM Reply Like
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