BofA Sees Margin Expansion for Siemens AG in FY26 Amid Continued Recovery

08:53 AM EST, 01/06/2026 (MT Newswires) -- BofA Global Research expects Siemens AG (SIE.F) to see margin expansion in fiscal 2026, with its digital industries division anticipated to log solid growth in the fiscal first quarter amid continued recovery. "Siemens is one of our '25 for 2026' stocks that we see outperforming this year ... Siemens has recovered most of its losses from the [capital markets day] now, and we continue to see an attractive outlook of growth, driven by Electrification, Software, and the gradual recovery in Smart Infra," analysts said in a Tuesday preview note. "We see the announced disposal of [Siemens Healthineers] as a clear positive mid-term, showing a willingness to recycle capital into the other divisions." The research firm also forecasts material software growth and margin expansion at the German technology group's digital industries segment through 2030, supported by an increase in customer base and revenue synergies from the group's recent acquisition of Altair and Dotmatics. As such, the buy rating on the stock was maintained, with a price objective of 280 euros. Siemens AG is scheduled to release its fiscal first-quarter results on Feb. 12.