Siemens Energy is trading 4.1% down now at €137.76 after Morgan Stanley removed the company from its top-stock-picks list, citing near-term Middle East disruption risk.
- The bank retained an Overweight rating and a €166 price target.
- The more cautious stance appears to have pressured shares.
- A Siemens Gamesa partnership for Egypt’s 500 MW NIAT wind project was announced September 14, but it does not explain the decline.