U.S. investment bank Goldman Sachs raised its price target for Siemens to 245 euros from 218 euros and kept its rating at "buy." The papers of the Munich-based company are "persistently undervalued," analyst Daniela Costa wrote in a study on Friday evening. Key to a revaluation remains the simplification of the portfolio, she said. She raised her sales forecast for the fiscal year after a strong second fiscal quarter./ag/edh
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