US stock futures edge lower after S&P 500 hits record high; PCE data in focus
On Thursday, Deutsche Bank (ETR:DBKGn) analysts increased the price target for Siemens Energy AG (ETR:ENR1n) (ENR:GR) (OTC:SMEGF) to €95 from the previous €82, while maintaining a Buy rating. The analysts cited Siemens (ETR:SIEGn) Energy’s strong position in the power generation and transmission markets as a key factor in the decision.
The analysts emphasized the company’s potential to benefit from a multi-year electrification investment cycle, which has recently gained momentum due to the rise of AI-dedicated data centers. This development is seen as an incremental opportunity for Siemens Energy.
Siemens Energy shares have seen significant growth, up 76% year-to-date and an impressive 270% over the past year. The analysts expressed confidence in the continuation of this positive trend.
The report highlighted five potential catalysts that could further impact Siemens Energy’s performance by the end of the year, although specific details on these catalysts were not disclosed.
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