UBS downgrades Siemens Energy (SMEGF) to a Hold

UBS analyst Supriya Subramanian downgraded Siemens Energy (SMEGFResearch Report) to a Hold today and set a price target of €16.00. The company’s shares closed yesterday at $16.25.

According to TipRanks, Subramanian is ranked #2597 out of 8389 analysts.

In addition to UBS, Siemens Energy also received a Hold from Jefferies’s Simon Toennessen in a report issued on June 26. However, yesterday, Goldman Sachs maintained a Buy rating on Siemens Energy (Other OTC: SMEGF).

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SMEGF market cap is currently €11.3B and has a P/E ratio of -14.47.

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Siemens Energy AG is an engineering technology company. The company develops and provides solutions for industrial applications, power generation, transmission, wind energy technologies. It provides Integrated Electrification, Automation and Digital solutions for oil and marine industries, Re-powering solutions, Grid access, HVDC, MVDC, and other related services.

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