NEW YORK (dpa-AFX) - The US investment bank Goldman Sachs has raised its target price for Siemens Energy from 21.50 to 27.00 euros and left its rating at "Buy". While the weak business development of the Siemens Gamesa wind turbine division continues to cast a shadow, the energy technology group's gas and electricity business is developing ever more strongly, wrote analyst Ajay Patel in a study published on Thursday. Siemens Energy is at the beginning of a strong investment trend in networks and is in the process of building a business with higher revenues and longer duration./ck/mis

Publication of the original study: 27.03.2024 / 19:58 / GMT

First disclosure of original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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