ICICI Securities Upgrades Siemens to Buy, Sets Rs 3700 Target

• ICICI Securities recommends a "Buy" rating for Siemens, setting a target price of Rs 3700.
• Siemens' earnings are projected to grow over 15% in the next two years.
• Growth is expected to be driven by electrification, with Smart Infrastructure and Mobility contributing significantly to EBIT.
• Revenue growth is anticipated to exceed 15% CAGR, supported by strong order books and improved margins.

Why It Matters: This offers an investment recommendation for Siemens stock with a target price.