Siemens's Fortunes Tied to Digital Industries Division
Dow Jones
Sep 01
1007 GMT - Siemens's future fortunes are likely dependent on a clear acceleration in growth in its digital industries division, AlphaValue analyst Kulwinder Rajpal says in a note. Meanwhile, the anticipation of a recovery in the automation division is keeping the German conglomerate's valuation in check, while investors are also wondering about how margins in the electrification division will evolve, Rajpal says. Until growth in digital industries speeds up, Siemens's story is likely at a standstill, the analyst adds. Shares trade 1.8% lower at 280.6 euros.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.