NEW YORK (dpa-AFX Broker) - Analyst firm Jefferies has raised its price target for Siemens from 185 to 225 euros and left its rating at "Buy". The technology company's shares may not be as interesting a bet on artificial intelligence (AI) as those of competitor Schneider Electric, analyst Simon Toennessen wrote in a study published on Tuesday. However, in view of the targeted earnings growth rates (EPS) until 2026 and a 30 percent valuation discount to the French company, the shares appear extremely attractive. The market continues to underestimate the earnings strength of Siemens./gl/zb

Publication of the original study: 26.02.2024 / 12:54 / ET First distribution of the original study: 26.02.2024 / 19:00 / ET

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