Siemens Stays in Deutsche Bank's Good Graces as Rail Deals and Buyback Roll On
Published on 11/09/2026 at 04:20 | Editorial boerse-global.de
Deutsche Bank has left its verdict on Siemens untouched, keeping a "Hold" rating and a EUR 270 price target on the German industrial group. The reaffirmation came on a Friday that was otherwise unkind to the stock, which shed 2.9% as technology and semiconductor names came under heavy selling pressure worldwide.
The pullback was part of a broader retreat from European equities, set off by turbulence in AI-related shares in the US and Asia. Reuters cited worries about potential restrictions on AI data centres and a marked deterioration in market sentiment as the drags on the sector. German media outlet Tagesschau, meanwhile, pointed to a steep Wall Street slide that spilled into the domestic market and named Siemens among the industrial stocks caught in the downdraft, tracing the selloff to doubts over the profitability of AI investments.
A Week of Deal-Making Across Mobility
While the share price wobbled, Siemens Mobility kept up a steady flow of announcements. On Thursday it reported orders from ST Engineering covering Signaling X equipment for two metro projects in Taoyuan, Taiwan. The scope includes fully automated GoA4 operation, with the new sections slated to enter service in the mid-2030s.
A day earlier, Siemens Mobility closed its acquisition of key core businesses from the MERMEC Group after securing all required regulatory approvals. The seller of the acquired operations is MERMEC.
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Friday brought the opening of a new rail infrastructure and innovation centre in Chippenham, UK. Siemens is putting EUR 115 million into the site, which is expected to safeguard 800 local jobs.
Earlier in the week, on Tuesday, Siemens Mobility and Lufthansa Technik Defense signed a letter of intent to jointly develop a patient transport train. The unit is intended for military evacuation and civil disaster relief, with capacity to care for more than 150 patients.
Buyback and Life Sciences Recognition
Siemens also kept investors posted on its share repurchase programme. Between 26 October and 1 November inclusive, the company bought back roughly 360,000 of its own shares. Since the programme began on 1 July, cumulative purchases had reached about 5.6 million shares as of that cut-off date.
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On the technology side, Siemens said on Wednesday that IDC had ranked it a leading provider of technology solutions and consulting for the research laboratory of the future in the life sciences field. The company highlighted its AI-powered digital twin portfolio and a joint project with Atos for GSK.
Results Date Set
Investors will get their next hard look at the numbers on 12 November, when Siemens publishes fourth-quarter results and preliminary figures for fiscal year 2026 at 07:00 CET.
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