Analyst fears "expensive, major setback" for Siemens Gamesa

Deutsche Bank has almost cut a quarter of its price target on Siemens Gamesa.

by MARKETWIRE

German industrial giant Siemens Energy had its share price target lowered by almost a quarter by Deutsche Bank on Wednesday, following reports that the Siemens subsidiary Siemens Gamesa is considering designing a new wind turbine to replace the troubled 4.X and 5.X models, according to Bloomberg News, which was the media outlet that brought the rumors last week.

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