Kepler Cheuvreux lifts Siemens rating to Hold and boosts target to €280 ahead of Q3 results
Kepler Cheuvreux upgraded Siemens AG from "reduce" to "hold", raising its price objective to €280 from €255 ahead of the company's third-quarter results due August 6. The brokerage lifted its 2026-2028 forecasts above consensus, pointing to limited downside in industrial automation, a concluded de-rating of industrial software assets and an imminen…