J.P. Morgan Reaffirms Their Hold Rating on Siemens Energy (SMEGF)
In a report released today, Phil Buller from J.P. Morgan maintained a Hold rating on Siemens Energy, with a price target of €100.00.
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According to TipRanks, Buller is a 5-star analyst with an average return of 20.0% and a 60.21% success rate. Buller covers the Industrials sector, focusing on stocks such as Siemens, Schneider Electric, and Siemens Energy.
In addition to J.P. Morgan, Siemens Energy also received a Hold from Barclays’s Vladimir Sergievskiy in a report issued on November 17. However, today, Goldman Sachs maintained a Buy rating on Siemens Energy (Other OTC: SMEGF).
Based on Siemens Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €9.75 billion and a net profit of €615 million. In comparison, last year the company earned a revenue of €8.8 billion and had a GAAP net loss of €142 million
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