FRANKFURT (dpa-AFX) - Deutsche Bank Research downgraded Siemens Energy from "buy" to "hold" after three months of strong share price performance and lowered its price target from 22 to 21 euros. The valuation of the energy technology group's shares remains fundamentally attractive, analyst Gael de-Bray wrote in a research note published Monday. After the good run, however, he said it was time for a break. Finally, the turnaround in the wind power division Siemens Gamesa is not yet as advanced as it should be. This probably still somewhat overshadows the good development in other divisions./tih/ck

Publication of the original study: 09.01.2023 / Time not specified in study / CET First disclosure of the original study: 09.01.2023 / 06:45 / CET

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