Wall Street Analysts Are Bullish on Top Conglomerates Picks

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Siemens Gamesa Renewable Energy, S.A. (GCTAFResearch Report) and Siemens Energy (SMEGFResearch Report) with bullish sentiments.

Siemens Gamesa Renewable Energy, S.A. (GCTAF)

In a report released yesterday, Akash Gupta from J.P. Morgan maintained a Buy rating on Siemens Gamesa Renewable Energy, S.A., with a price target of EUR29.00. The company’s shares closed last Thursday at $26.86.

According to TipRanks.com, Gupta is ranked #7482 out of 7590 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Siemens Gamesa Renewable Energy, S.A. with a $37.60 average price target, a 35.8% upside from current levels. In a report issued on July 8, Goldman Sachs also maintained a Buy rating on the stock with a EUR38.80 price target.

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Siemens Energy (SMEGF)

J.P. Morgan analyst Andreas Willi maintained a Buy rating on Siemens Energy yesterday and set a price target of EUR28.00. The company’s shares closed last Thursday at $27.30.

According to TipRanks.com, Willi is ranked #2595 out of 7590 analysts.

Currently, the analyst consensus on Siemens Energy is a Strong Buy with an average price target of $41.98, which is a 51.6% upside from current levels. In a report issued on July 1, Morgan Stanley also maintained a Buy rating on the stock with a price target.

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