1415 GMT - Siemens published its midterm targets for its Smart Infrastructure division, which are broadly in line with expectations, Citi analysts say in a research note. The German conglomerate targets a 16% to 20% profit margin with consensus at around 17%, the analysts say. The 3- to 5-year organic sales growth target of 6% to 9% is similar to that of Schneider Electric, they say. Investor sentiment, in general, is that the division is undervalued within Siemens, given peer multiples, Citi says. Siemens shares trade 0.3% lower at 194.90 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
December 12, 2024 09:17 ET (14:17 GMT)
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