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SIEGY

Siemens

$0.00

(0.00%)

12:16
05/07/19
05/07
12:16
05/07/19
12:16

Siemens plans carveout of Gas and Power unit

Siemens said in a statement that it intends to meet its medium-term growth and profit targets by "clearly focusing its portfolio on dynamic growth markets and efficiency gains. To this end, the Supervisory Board of Siemens AG today unanimously approved the next steps in the company's Vision 2020+ strategy concept, including the spinoff of Siemens' Gas and Power." Siemens' Gas and Power - comprising the company's oil and gas, conventional power generation, power transmission and related services businesses - is to be given complete independence and entrepreneurial freedom through a carveout and a subsequent public listing. In addition, Siemens AG plans to contribute its majority stake in the renewable energies company SGRE - currently 59 percent - to GP. Plans call for the stock exchange listing to take place by September 2020. In addition to strengthening its portfolio structures, Siemens will significantly improve its cost effectiveness across all areas of the company. The goal is to strengthen competitiveness and productivity and thus increase both the annual revenue growth rate and the profit margin of the company's Industrial Business by two percentage points over the medium term. Basic earnings per share are to grow faster than revenue over the medium term. Over the long term, the profit margin of the industrial core business is to reach 14 to 18 percent. "We have a variety of opportunities to become more profitable. Significant productivity gains can be achieved through leaner administration alone. The 79 factories that SI maintains worldwide are another factor. We'll reduce costs over the next three years by bundling capacities and through partnerships," said the company.To achieve this goal, SI plans to reduce jobs by a total of 3,000 worldwide. This measure will generate EURO$300 million in restructuring charges. All in all, SI expects a net increase of about 3,000 jobs by 2023.

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    May

SIEGY Siemens
$0.00

(0.00%)

08/16/18
BTIG
08/16/18
NO CHANGE
Target $72
BTIG
Buy
NuVasive price target raised to $72 from $68 at BTIG
BTIG analyst Ryan Zimmerman raised his price target on NuVasive (NUVA) to $72 and kept his Buy rating following investor meetings with the management, saying the tone of the discussions was "decidedly more upbeat" after Q2 results and the company's FY18 guidance cut. The analyst states that he also "underappreciated" the potential for NuVasive's recent agreement with Siemens (SIEGY), as it expands the company's opportunity and provides better commercial support. Zimmerman expects investor interest in NuVasive shares to build heading into the full launch of the company's new Pulse system.
01/15/19
RBCM
01/15/19
INITIATION
RBCM
Sector Perform
Siemens initiated with a Sector Perform at RBC Capital
02/26/19
JPMS
02/26/19
UPGRADE
JPMS
Overweight
Siemens upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Andreas Willi upgraded Siemens to Overweight and raised his price target for the shares to EUR 118 from EUR 115. The analyst sees a relative valuation opportunity after the stock's 27% underperformance over the past two years. He believes investor sentiment can improve "after a period where the story has drifted." Siemens needs to adjust its Vision 2020+ strategy at the May meeting and reassure investors and provide substantiation of what will change, Willi tells investors in a research note.
02/26/19
02/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Exact Sciences (EXAS) upgraded to Buy from Neutral at Goldman Sachs by analyst Patrick Donnelly, who said the current momentum of the Cologuard commercial ramp provides "strong basis" for the company's premium valuation while the combination of positive Cologuard catalysts and new product roll-outs provide upside to current levels, even after the stock's 75% rally since the beginning of 2018. Exact Sciences is a "must-own growth stock" given the "clean runway forward that is largely in its control with potential for discovery value in the pipeline outside of Cologuard," the analyst said. 2. Siemens (SIEGY) upgraded to Overweight from Neutral at JPMorgan by analyst Andreas Willi, who sees a relative valuation opportunity after the stock's 27% underperformance over the past two years. He believes investor sentiment can improve "after a period where the story has drifted." 3. Kadmon (KDMN) upgraded to Buy from Neutral at Citi by analyst Robyn Karnauskas, who assigned a 50% probability to KD-025 in chronic graft versus host disease with an unadjusted ~$900M market opportunity. However, upside to the stock will depend on quality of the data likely, Karnauskas said. 4. EverQuote (EVER) upgraded to Buy following Q4 beat at BofA/Merrill by analyst Mat Schindler, who said user growth has re-accelerated, supporting evidence of a turnaround, and thinks estimates are conservative and views the risk/reward as attractive. 5. Ally Financial (ALLY) upgraded to Buy from Hold at Sandler O'Neill by analyst Christopher Donat, who said he believes Ally's near-prime auto finance book is "meaningfully less risky" than Santander Consumer's (SC) book or the unsecured credit cards of Discover (DFS) and Capital One (COF), yet all four stocks trade at similar multiples. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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NTAP

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YNDX

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LQDA

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WHR

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CPK

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LB

L Brands

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-1.185 (-5.22%)

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HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

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LB

L Brands

$21.50

-1.185 (-5.22%)

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HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

16:33
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Earnings
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LB

L Brands

$21.50

-1.185 (-5.22%)

16:33
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Earnings
L Brands narrows FY19 EPS view higher to $2.30-$2.60 from $2.20-$2.60 

Consensus $2.39

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QCOM

Qualcomm

$69.30

-8.48 (-10.90%)

, TGT

Target

$77.55

5.5 (7.63%)

16:33
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On The Fly
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QCOM

Qualcomm

$69.30

-8.48 (-10.90%)

TGT

Target

$77.55

5.5 (7.63%)

LOW

Lowe's

$97.95

-13.15 (-11.84%)

JWN

Nordstrom

$34.35

-3.53 (-9.32%)

AVP

Avon Products

$3.49

0.295 (9.23%)

ISCA

International Speedway

$45.14

1.02 (2.31%)

IPHI

Inphi

$43.12

2.16 (5.27%)

SE

Sea Limited

$31.45

6.065 (23.90%)

AMBA

Ambarella

$39.19

-5.04 (-11.40%)

PSTG

Pure Storage

$15.48

-5.12 (-24.85%)

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IOVA

Iovance Biotherapeutics

$16.63

0.42 (2.59%)

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LB

L Brands

$21.50

-1.185 (-5.22%)

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  • 23

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UNM

Unum Group

$34.58

-0.72 (-2.04%)

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PGTI

PGT Innovations

$15.50

0.155 (1.01%)

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PGTI

PGT Innovations

$15.50

0.155 (1.01%)

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LB

L Brands

$21.50

-1.185 (-5.22%)

16:31
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Earnings
L Brands reports Q1 EPS 14c, consensus 0c »

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  • 23

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FCAP

First Capital

$50.35

-0.35 (-0.69%)

16:31
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Hot Stocks
First Capital raises quarterly dividend to 24c per share »

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  • 22

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16:30
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Options
Preliminary option volume of 16.7M today »

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ATRA

Atara Biotherapeutics

$23.12

-1.25 (-5.13%)

16:29
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Initiation
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  • 31

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CPG

Crescent Point Energy

$3.79

-0.215 (-5.38%)

16:29
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Conference/Events
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  • 29

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MMI

Marcus & Millichap

$32.98

-0.24 (-0.72%)

, RMAX

RE/MAX Holdings

$32.31

-1.415 (-4.20%)

16:28
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Periodicals
U.S opens antitrust investigation of U.S. real estate industry, Bloomberg says »

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Marcus & Millichap

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RMAX

RE/MAX Holdings

$32.31

-1.415 (-4.20%)

RDFN

Redfin

$17.36

-0.2 (-1.14%)

RLGY

Realogy

$7.43

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Z

Zillow

$42.27

0.66 (1.59%)

CLGX

CoreLogic

$40.94

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RMBL

RumbleON

$4.90

-0.05 (-1.01%)

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  • 28

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NGD

New Gold

$0.63

-0.0391 (-5.84%)

16:27
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Conference/Events
New Gold management to meet with TD Securities »

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