Jefferies cuts Siemens to 'hold' on limited upside, sees FY27 Digital Industries risks

By Reuters News

** Jefferies cuts Siemens SIEGn.DE to "hold" from "buy", arguing the company's strong FY27 outlook is increasingly priced in after recent share outperformance

** The brokerage says robust order intake has improved backlog visibility and supports future growth

** It, however, sees risks to Digital Industries orders in FY27, citing subdued European manufacturing activity and weak Chinese industrial demand despite the recent recovery in automation orders

** Out of 29 analysts, 20 rate the stock "strong buy" or "buy", ​7 "hold" and 2 "strong sell" or "sell" — LSEG data

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