1341 GMT - Siemens is expected to raise its midterm targets for organic growth and operating margin for its Smart Infrastructure business, UBS analysts say in a research note. An upgrade to the targets would signal whether there is a potential for the German conglomerate to catch up with its Electrical peers, especially with ABB expressing confidence in further margin expansion in 2025 and Schneider Electric targeting ongoing improvement, UBS says. Few surprises are expected on organic growth guidance, but the analysts will also look for potential portfolio streamlining in the division, they say. Shares trade 0.9% higher at 192.00 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
December 04, 2024 08:41 ET (13:41 GMT)
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