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Siemens shares higher: Optimism from competition and analysts

Siemens shares rose significantly on Tuesday after a positive comment from investment house Jefferies.

With a plus of a good 3 percent to 145.08, they left the 50-day line as a medium-term price indicator behind. This also succeeded in breaking out over the area around 141 euros, which had recently proven to be too high a hurdle several times.

Jefferies analyst Simon Toennessen believes the paper will rise to 190 euros in the coming months and continues to recommend buying. The outlook of the US competitor Rockwell Automation for 2022 implies an increase in market estimates of 2 to 3 percent for Siemens, Toennessen wrote in a study.

The shares of Rockwell Automation rose on the US stock exchange Nyse on Tuesday by more than 6 percent to a record high.

/ mis / jha /

FRANKFURT (dpa-AFX)

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Reference-www.finanzen.at

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