Siemens business mix drives UBS to upgrade stock to ‘buy”, sets target price at Rs 8,000; stock up 3%

UBS upgraded Siemens to a "buy" rating with a target price of Rs 8,000, reflecting optimism about its diversified business mix and potential upside from the global energy cycle. Siemens shares rose 3%, signaling a 38% upside potential. Despite recent underperformance, UBS sees favorable risk-reward with attractive valuation and growth prospects.