LONDON (dpa-AFX Broker) - U.K.-based investment bank Barclays has upgraded Siemens Energy to "Overweight" with a price target of 19 euros. Siemens Energy is not adequately appreciated in the market and is undervalued, analyst Vladimir Sergievskiy wrote in a research note issued Wednesday. He remains generally skeptical of wind turbine manufacturers such as subsidiary Siemens Gamesa, but said a 50 percent drop in the share price over the past three months is not justified./ajx/mis

Publication of the original study: 05.09.2023 / 14:48 / GMT

First disclosure of the original study: 05.09.2023 / 15:45 / GMT

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