(News Bulletin 247) – AlphaValue maintains its buy rating on the Siemens Healthineers stock with a price target reduced from 74 to 67.6 euros.
“Despite our still positive view of Healthineers, we have become more cautious as we see the slowing global economy negatively impacting the business,” the analyst said.
AlphaValue adds that rising interest rates and disputed Diagnostics business will likely undermine profitability.
In addition, due to higher interest charges, the broker indicates that it has reduced its profitability expectations.
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