Siemens stock price falls as Bernstein downgrades rating and believes current stock price valuation is too high

Siemens' stock price fell by 3.2% at one point, after Bernstein downgraded the rating of the German industrial giant from outperform to in line with the market. Analyst Nicholas Green pointed out in the report that Siemens has "performed exceptionally well recently," and the long-standing discount to its segment valuations has completely disappeared