FRANKFURT (dpa-AFX) - Siemens Energy and Siemens shares are Bank of America's (BofA) favorites for 2026 in the European capital goods sector. On Friday, analyst Benjamin Heelan confirmed the optimism expressed by his JPMorgan colleague the day before.
The shares remain in demand: Siemens Energy continued its record rally with a new high just below €120. Driven by the immense demand for electricity behind the artificial intelligence boom, its annual gain now stands at 138 percent.
And if BofA expert Benjamin Heelan is to be believed, there is still room for growth to €170. Phil Buller of JPMorgan had set a target of €160 the day before. According to Heelan, Siemens Energy is benefiting not only from AI data centers but also from the topics of energy security and electrification.
Siemens shares gained a good one percent on Friday morning to €233. However, as on the previous day, they stalled at their 100-day line. Heelan and Buller still see plenty of room for growth here, with targets of €280 and €300, respectively.
