BUZZ — Jefferies cuts Siemens to 'hold' on limited upside, sees FY27 Digital Industries risks
* Jefferies cuts Siemens to "hold" from "buy", arguing the company's strong FY27 outlook is increasingly priced in after recent share outperformance * The brokerage says robust order intake has improved backlog visibility and supports future growth * It, however, sees risks to Digital Industries orders in FY27, citing subdued European manufacturing activity and weak Chinese industrial demand despite the recent recovery in automation orders * Out of 29 analysts, 20 rate the stock "strong buy" or "buy", 7 "hold" and 2 "strong sell" or "sell" — LSEG data (Reporting by Anastasiia Kozlova) ((Anastasiia.Kozlova@thomsonreuters.com)