FRANKFURT (dpa-AFX Broker) - Deutsche Bank Research left its rating on Siemens Energy at "hold" with a price target of 21 euros. The profit warning from wind turbine subsidiary Siemens Gamesa confirms that a positive turnaround at the energy technology group is complex and protracted, analyst Gael de-Bray wrote in a research note published Monday. However, the rest of Siemens Energy's business continues to deliver on its promise, with exceptionally strong commercial momentum and well above-expected margins and cash flows in the past fiscal year./edh/ajx

Publication of the original study: 23.01.2023 / Time not stated in study / CET

First disclosure of original study: 23.01.2023 / 06:45 / CET

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