0706 GMT - Market attention is likely to shift to Siemens's next big M&A move after the Healthineers spinoff, Deutsche Bank Research analyst Gael de-Bray says in a research note. The analyst expects the German conglomerate to deconsolidate around 12 billion euros of debt with the spinoff of Healthineers. Meanwhile, the giant posted solid third-quarter results which should lead to low single-digit consensus upgrades for earnings per share, de-Bray adds.