Jefferies positive on Siemens, ABB, here’s why
Jefferies believes that data centre is emerging as a strong growth area with a 9-10 percent potential capex over the next four-five years. They have the capacity to rise by 4.5 times by FY25-FY26.
Jefferies believes that data centre is emerging as a strong growth area with a 9-10 percent potential capex over the next four-five years. They have the capacity to rise by 4.5 times by FY25-FY26.
The firm has raised forward EPS for Siemens and ABB by 7-9 percent and for L&T, Cummins, Voltas and Blue Star by 1-3 percent.
They have raised the target price for Siemens to Rs 2,670 from Rs 2,500 and for ABB to Rs 2,340 from Rs 1,700.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
(Edited by : Dipika)
First Published: Jun 30, 2021 10:20 AM IST
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