** 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))