Siemens Is Undervalued, Bank of America Says, Reiterating Buy

• (PLX AI) - Siemens is undervalued and has 27% upside, Bank of America analysts said, reiterating a buy recommendation on the stock.
• • Price target EUR 172, compared to current trading at EUR 134.74
• • Siemens target increases for organic growth leave a stark disconnect in valuation for both Digital Industries and Smart Infrastructure, BofA said
• • The current valuation implies that SI has negative value, which means the assets are undervalued, BofA said
• • The market should re-rate a more focused and cost-disciplined Siemens and trigger value unlocking in both DI and SI: BofA