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Wednesday March 10, 01:53
Siemens upgraded to outperform at CSFB

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German turbines-to-mobile phone maker Siemens was upgraded by Credit Suisse First Boston on Wednesday to outperform from neutral. CSFB said the company had a good set of first quarter results, some more encouraging signs have started to emerge from the telecom equipment industry, and the company has raised margin guidance in its power generation division. It added that since mid-January, Siemens' absolute performance has been -1.3 percent and its performance relative to the DJ Stoxx index has been -6.2 percent. Siemens shares were 0.8 percent lower in early Frankfurt trade.
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