Kepler Cheuvreux cuts Siemens to 'reduce' on digital industries weakness

Siemens Healthineers AG

27/01/2026 10:03

** Kepler Cheuvreux downgrades the German technology company Siemens SIEGn.DE to "reduce" from "hold", as it lowers its forecast for digital industries for which it sees a slow cyclical recovery

** The broker points to peer pressure on the share arising from the 30% decrease in valuations of industrial software peers and the share price performance of its spin-offs Siemens Healthineers SHLG.DE and Siemens Energy ENR1n.DE

** Kepler says a key structural catalyst for the share price played out in 2025 with the partial spin off of Siemens Healthineers

** Out of 28 analysts that cover the company, 19 rate it "strong buy" or "buy", six "hold" and three "sell" or "strong sell" - LSEG data

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))