Kepler Cheuvreux Lowers Siemens Rating as Digital Industries Outlook Weakens
Kepler Cheuvreux has downgraded Siemens to "reduce" from "hold", citing a muted recovery in the company's Digital Industries division driven by weak confidence indicators across Europe and growing uncertainty in the industrial software market. The house view also flags a 30% slide in peer valuations, disappointing execution on the Siemens Healthine…