FRANKFURT (dpa-AFX) - Shares in Siemens Energy remained on the upswing on Friday. The shares of the energy technology group rose by 4.5 percent to 24.34 euros by the afternoon, putting them at the top of the Dax. The leading German index rose slightly at a record high level.

On Wednesday, Siemens Energy reported a strong quarter and also raised its forecast. This had given an additional boost to the share price recovery that began at the end of October last year. On Friday, analysts at MWB Research expressed a positive view of the shares and raised their target price from 22 to 26 euros. The shares remain undervalued, wrote expert Oliver Wojahn./la/he