The US bank JPMorgan has raised its rating for Siemens Energy $ENR (+2,59%) from "Neutral" to "Overweight" - and raised the target price from €100 to €160. This positions Siemens Energy as one of the top investment ideas on the bank's own analyst favorites list.
Background: According to JPMorgan, Siemens Energy is likely to grow significantly faster than most of its competitors in the European capital goods sector in the coming years. The Group is regarded as a "free cash flow machine" with very good prospects for the future.
For investors, this means that if you take a long-term view, Siemens Energy could be an interesting opportunity - provided the future plans work and the energy sector follows suit.
