Siemens AG : We have adjusted our forecasts: Target price lifted to € 130
>We have revised our forecasts with the new guidance; target price raised - We have tweaked our guidance to include Q1 above expectations and then raised our 2021 operating estimate by around 10-12%, also with a better FCF. For the current year, we forecast sales of € 57.3bn (+7.4% l-f-l), adjusted EBITDA of € 8.3bn (14.5% margin now excluding Siemens Energy with low margins) and net profit of € 5.2bn before minorities. The new guidance assumes comparable revenue grow...Siemens is a technology company. Co.'s Energy sector provides a range of products, solutions and services for generating and transmitting power. The Healthcare sector provides customers a range of medical solutions across the treatment chain. The Industry sector supplies products and solutions for industrial companies, primarily in the process and manufacturing industries. The Infrastructure & Cities sector provides a range of technologies that accelerates the capabilities of metropolitan centers and urban infrastructures. The Investments segment is comprised of Co.'s equity stakes in other companies. The Financial Services segment provides business-to-business financial solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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