Deutsche Bank CEO Sewing praised for fixing the bank, Bloomberg reports » 06:4209/1509/15/21
Deutsche Bank (DB) CEO…
Deutsche Bank (DB) CEO Christian Sewing has won praise from Joe Kaeser, chairman of Siemens Energy (SMEGF), for fixing a bank that was once on corporate decline and committed financial wrongdoings, Steven Arons and Francine Lacqua of Bloomberg report. "Deutsche Bank has done a fascinating job to come back from a pretty screwed-up bank to a trustful long-term partner again," Kaeser said at a virtual panel hosted by Bloomberg TV. "That's been the leadership of Christian." The lender saw its share price decline for over a decade before Sewing took over in 2018. Reference Link
|Over a week ago|
Siemens Energy announces contract from Aker Solutions for Troll West » 08:3009/0909/09/21
Siemens Energy announced…
Siemens Energy announced it received a contract from Aker Solutions to supply the complete packages for the electrical transmission, distribution, and power management system for the Troll West electrification project in the North Sea. "The Troll field is operated by Equinor and contains considerable oil and gas reserves... Siemens Energy's scope of supply for the project includes a range of electrical equipment, including transformers, reactors, and switchgears. Siemens AG is also part of the project consortium and will provide static frequency converter systems, large-scale drive trains, and special frequency converters, which will allow power to flow bi-directionally for normal and island operation. The PMS provided by Siemens Energy will help maintain a safe balance between power demand and consumption, thus ensuring overall grid stability," the company said. Installation and commissioning of the electrical equipment for the Troll West project are scheduled for 2022 - 2023.
Fly Intel: Top five analyst downgrades » 09:5309/0809/08/21
UHS, RF, FHN, GDP, SMEGF
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Universal Health (UHS) downgraded to Sell from Neutral at Goldman Sachs with analyst Jamie Perse seeing "increasing pressure" in the inpatient psychiatric labor market and believes there are better opportunities to play the acute care recovery where Universal Health has "just" 45% exposure as a percent of EBITDA. 2. Regions Financial (RF) downgraded to Equal Weight from Overweight at Stephens. 3. First Horizon (FHN) downgraded to Neutral from Buy at UBS with analyst Brock Vandervliet saying the company's earnings power looks to be insufficient to drive a re-rating for the stock. 4. Goodrich Petroleum (GDP) downgraded to Hold from Buy at Truist with analyst Welles Fitzpatrick noting that while he is positive on the company's "increasing activity and quality acreage" along with its updated production guidance for the second half of this year, his downgrade is based on the stock's recent 21% run post-guidance release. 5. Siemens Energy (SMEGF) downgraded to Neutral from Overweight at JPMorgan with analyst Andreas Willi seeing "substantial" near-term earnings risk for Gamesa, which Siemens Energy holds a 67% stake. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Siemens Energy downgraded to Neutral from Overweight at JPMorgan » 05:4209/0809/08/21
JPMorgan analyst Andreas…
JPMorgan analyst Andreas Willi downgraded Siemens Energy to Neutral from Overweight with a price target of EUR 29, down from EUR 30. The analyst sees "substantial" near-term earnings risk for Gamesa, which Siemens Energy holds a 67% stake.
|Over a month ago|
Siemens Energy price target lowered to EUR 34 from EUR 36.40 at Berenberg » 14:5308/0608/06/21
Berenberg analyst Philip…
Berenberg analyst Philip Buller lowered the firm's price target on Siemens Energy to EUR 34 from EUR 36.40 and keeps a Buy rating on the shares.
Siemens Energy price target lowered to EUR 30 from EUR 36 at Societe Generale » 13:3008/0608/06/21
Societe Generale analyst…
Societe Generale analyst Rajesh Singla lowered the firm's price target on Siemens Energy to EUR 30 from EUR 36 and keeps a Buy rating on the shares.
Siemens Energy price target lowered to EUR 38.90 from EUR 42 at Morgan Stanley » 15:1508/0508/05/21
Morgan Stanley analyst…
Morgan Stanley analyst Ben Uglow lowered the firm's price target on Siemens Energy to EUR 38.90 from EUR 42 and keeps an Overweight rating on the shares.
Siemens Energy price target lowered to EUR 30 from EUR 33 at Credit Suisse » 14:5608/0508/05/21
Credit Suisse analyst…
Credit Suisse analyst Iris Zheng lowered the firm's price target on Siemens Energy to EUR 30 from EUR 33 and keeps an Outperform rating on the shares.
Siemens Energy price target raised to EUR 30 from EUR 28 at JPMorgan » 14:4908/0508/05/21
JPMorgan analyst Andreas…
JPMorgan analyst Andreas Willi raised the firm's price target on Siemens Energy to EUR 30 from EUR 28 and keeps an Overweight rating on the shares.
Siemens Energy price target lowered to EUR 34 from EUR 37 at Deutsche Bank » 12:5907/1907/19/21
Deutsche Bank analyst…
Deutsche Bank analyst Gael de-Bray lowered the firm's price target on Siemens Energy to EUR 34 from EUR 37 and keeps a Buy rating on the shares.