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