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

Siemens AG

16/10/2026 12:24

** 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

(Reporting by Anastasiia Kozlova)
((Anastasiia.Kozlova@thomsonreuters.com))