Recommendations Siemens Energy International Stock Exchanges remains Top Pick thanks to the price of Gas Turbines and the potential margin expansion at Grid Tech

Morgan Stanley Market Consensus Max Yates (analyst) updates estimates after last week's positive pre-release and target price, and reiterates that Siemens Energy (ENR) remains a Top Pick in the sector, highlighting two aspects that it believes are not being valued: The new price for Gas Turbines and what it implies both for revenue growth and for the spread of split margins, and The potential for margin expansion in Grid Tech given [...]