Siemens Energy's Transformation of Industry Unit Separation Could Take Time -- Market Talk

1230 GMT - Siemens Energy's plan to separate its transformation of industry unit isn't a surprise given previous reports that the company was considering options for the division, Citi analysts write. They add that while no timeline has been provided by the German energy equipment maker, they expect it to take some time. Citi values the business at 8.6 billion euros. The analysts add that while portfolio streamlining is sensible, they don't see any material financial benefit from a separation of the unit, and expect investors to focus on the company's gas and grid divisions. Citi has a neutral rating on the stock and 185.00 euro target price. Shares are down 0.5% at 151.96 euros. (ian.walker@wsj.com)

(END) Dow Jones Newswires

August 26, 2026 08:31 ET (12:31 GMT)