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Siemens: Analysts Chime In

Siemens Shares Rise After Strong Q3 Results

Siemens shares rose by 4.5% in early trading on Thursday after the German industrial group reported strong third-quarter results. The company's net income rose by 16% to €1.9 billion, while its revenue increased by 8% to €17.2 billion.

The results were driven by strong growth in Siemens' digital industries and smart infrastructure businesses. The company's digital industries business, which includes software and automation products, saw its revenue increase by 12% to €5.6 billion. The smart infrastructure business, which includes products and services for energy, transportation, and healthcare, saw its revenue increase by 6% to €4.9 billion.

Analysts Praise Siemens' Performance

Analysts were quick to praise Siemens' performance. Goldman Sachs analysts said that the company's results were “impressive” and that they “show that Siemens is continuing to execute well on its strategy.” JPMorgan analysts said that Siemens is “a well-positioned company in a number of attractive markets” and that they “see further upside potential in the shares.”

Siemens Outlook Positive

Siemens CEO Joe Kaeser said that he is “confident about the future” and that the company is “well-positioned to continue to grow.” The company has a number of growth initiatives in place, including its €20 billion investment in digitalization.

Analysts are also positive on Siemens' outlook. Goldman Sachs analysts said that they “expect Siemens to continue to deliver strong results in the coming quarters” and that they “see the company as a long-term buy.”

Conclusion

Siemens' strong third-quarter results and positive outlook have been well-received by analysts. The company's shares are up by 4.5% in early trading on Thursday and are likely to continue to rise in the coming months. Siemens is a well-positioned company in a number of attractive markets and is expected to continue to deliver strong results in the coming years.