FRANKFURT (dpa-AFX Broker) - Deutsche Bank Research has upgraded Siemens Energy from "Hold" to "Buy" and raised its price target from 14 to 23 euros. The shares of competitor and boron newcomer GE Vernova are valued significantly higher than those of the German energy technology group, analyst Gael de-Bray wrote in a study published on Friday. In addition, Siemens Energy is currently ironing out its quality problems with onshore wind turbines. In the longer term, the company should benefit from the growth in demand for electricity, which has recently gained further momentum. This is particularly true in the US thanks to the additional opportunities arising from the establishment of AI data centers./la/ajx

Publication of the original study: 03.05.2024 / 04:32 / CET First dissemination of the original study: Date not specified in study / Time not specified in study / CET

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