Market Overview

UPDATE: Societe Generale Downgrades Siemens to Hold on Outlook

Related SI
Earnings Scheduled For August 21, 2014
#PreMarket Primer: Friday, June 13: US Threatens To Get Involved As ISIS Presses Forward

Societe Generale reduced its rating on Siemens (NYSE: SI) from Buy to Hold.

Societe Generale noted, "We downgrade our rating from Buy to Hold because: 1) We fear that expectations are too high ahead of the new company programme to be unveiled on 8 November. 2) We expect most of the initiatives announced to simply enable the group to deliver on the commitments of the ‘One Siemens' framework, which is likely to remain unchanged, with no increase in the EBITDA margin targets by sector."

Siemens closed at $98.68 on Thursday.

Posted-In: Societe GeneraleAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (SI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters