Siemens Downgraded At Societe Generale

Analysts at Societe Generale downgraded Siemens AG SI from “buy” to “hold.” The downgrade in rating was based on the company's slowing pace of cost cutting. The analyst said, "The new priority given to 'growth' may also not be appropriate in a low-growth economic environment with increased price pressure." SI's shares gained 0.34% to $105.13 in after-hours trading. More Analyst Ratings here