Bernstein has named Siemens, Siemens Energy and Schneider Electric as its preferred European capital goods stocks for exposure to growing investment in data center infrastructure. The brokerage sees expansion in the sector supporting demand for power systems, electrical equipment and automation solutions.
Bernstein rates Siemens Outperform and sets a price target of €330. It views the German industrial technology group as a way to gain exposure to data center construction and the related need for electrical equipment and automation.
Siemens Energy also carries an Outperform rating, with a €210 price target. Bernstein points to the company’s power infrastructure business as a potential beneficiary of rising electricity demand associated with data center expansion.
For France-based Schneider Electric, Bernstein has an Outperform rating and a €340 price target. The brokerage includes the electrical equipment maker among its preferred stocks for exposure to AI and data center infrastructure investment, which is driving demand for electrical systems.
Sources: Investing.com News.