NEW YORK (dpa-AFX) - U.S. analyst firm Bernstein Research upgraded Siemens to "market perform" from "underperform" and raised its price target to 132 euros from 100 euros in a 2023 outlook report. A normalization of results following the Corona pandemic is a fact of life rather than a matter of opinion for most capital goods manufacturers, analyst Nicholas Green wrote in a European sector report available Wednesday. The numerous economic adversities of the past year, as well as the prospect of several quarters of weak order intake, are likely to be priced into prices./bek/ck

Publication of the original study: 03.01.2023 / 16:42 / UTC First circulation of the original study: 04.01.2023 / 06:00 / UTC

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