(News Bulletin 247) – Jefferies announced on Monday that it had downgraded its advice on Siemens Energy from ‘buy’ to ‘hold’, with a price target revised downwards from 25 to 16.5 euros.
If he considers that the title of the German energy group constitutes a relatively interesting investment case, the broker explains that he prefers to stay away from the value pending the final assessment of the financial impact arising from the failure of components at its wind turbine subsidiary Siemens Gamesa.
In addition to this element of distraction, the costs necessary to improve productivity in offshore wind turbines add to this climate of uncertainty, continues the broker, who says he does not see the results. of Siemens Energy to reach the floor before the 2023/2024 financial year.
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