Standpoint Research Downgrades Siemens (SI) to Hold

October 14, 2011 10:26 AM EDT
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Price: $20.73 +7.80%

Rating Summary:
    10 Buy, 15 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Standpoint Research downgraded Siemens (NYSE: SI) from Buy to Hold.

The firm comments, "Siemens SI shares have jumped 20% since our recommendation on September 12 and are 1373 bps ahead of the S&P-500 for us. We can no longer leave our highest recommendation attached to this name."

For more ratings news on Siemens click here and for the rating history of Siemens click here.

Shares of Siemens closed at $102.57 yesterday.


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