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SHL — Siemens Healthineers AG News Story

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Deutsche Bank cuts Siemens Healthineers to 'hold' on prolonged stake reduction by Siemens

** Deutsche Bank cuts Siemens Healthineers SHLG.DE to "hold" from "buy", expecting stock to underperform until Siemens SIEGn.DE reduces its stake in the German medical technology company

** Siemens' strategy to reduce stake in Healthineers is likely to take much time and lead to flowback risk, DB says

** While Siemens aims to cut its 67% stake to around 30%, further sale is likely, as the company has pointed to an ultimate shareholding target below 20%, the broker says

** Out of 23 analysts that cover Siemens Healthineers, 16 rate the stock "strong buy"/"buy,"​ six rate it "hold" and one rates the stock "sell" - LSEG data

 (Reporting by Amir Orusov)

 ((Amir.orusov@thomsonreuters.com))

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