EU clears MerMec deal, yet Siemens stock falls 2.46 percent

Published on 10/22/2026 at 12:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies set EUR 300 on October 15, 2026. Siemens stock costs EUR 260.20 on October 22, 2026, 2.46 percent below the Xetra close of EUR 266.75.

Regulatory clearance and market context

The European Commission cleared Siemens Mobility's MerMec acquisition on October 20, 2026.
Jefferies set a EUR 300.00 target on October 15, 2026 after cutting its rating to Hold.
Siemens stock trades at EUR 260.20 at 12:08 p.m. CEST at Lang & Schwarz on October 22, 2026, 2.46 percent below the EUR 266.75 Xetra close.

Isometrische 3D-Grafik zeigt Fabrik, Roboterarme, Zug, Windrad und Leitstand — Isometrische 3D-Illustration einer Wertschöpfungskette mit Fabrik, Zug und Turbine visualisiert Geschäftsfelder der Siemens AG DE0007236101, Illustration mit AI erstellt.

Siemens (ISIN DE0007236101) was trading at EUR 260.20 at Lang & Schwarz on October 22, 2026 at 12:08 p.m. CEST, 2.46 percent below the Xetra close of October 21, 2026. The European Commission approved Siemens Mobility's acquisition of MerMec on October 20, 2026, according to The Brussels Times.

MerMec clearance adds rail depth

The approval gives Siemens Mobility Holding B.V. sole control of Italian rail technology company MerMec S.p.A. The Brussels Times said the transaction covers rolling stock, rail diagnostics, electrification and signaling, while the Commission found limited competition concerns under case M.12478.

The transaction is strategically relevant because it adds diagnostics and infrastructure technology to Siemens Mobility's rail portfolio. The clearance is regulatory progress rather than evidence of completed closing, so investors still need to distinguish approval from final completion.

Three milestones shape the story

On October 2, 2026, Evercore ISI cut Siemens to In Line while keeping a EUR 315.00 target, as reported by Admirals. On October 15, 2026, Jefferies cut its rating from Buy to Hold but raised its target from EUR 277.00 to EUR 300.00, according to MarketScreener. The European Commission's October 20 clearance followed those analyst revisions.

What does the earnings date mean?

Siemens reports fourth-quarter and full fiscal year 2026 results on November 12, 2026, according to the financial calendar cited by Admirals. The last reported quarter ended June 30, 2026, with revenue of EUR 20.79 billion and net profit of EUR 2.27 billion, compared with EUR 19.38 billion and EUR 2.05 billion a year earlier, according to Markets Insider. That comparison puts the upcoming release on a clear measurement point: investors can test whether order momentum and profit conversion are extending beyond the third quarter.

Siemens stock faces a valuation test

Jefferies' EUR 300.00 target is 15.30 percent above the Lang & Schwarz price of EUR 260.20, using the same euro basis. MarketScreener listed an average target of EUR 305.80 from 25 analysts, while the stock's current market capitalization is EUR 197.8 billion and its 52-week range is EUR 198.00 to EUR 291.70. Siemens stock was trading at EUR 260.20 at Lang & Schwarz on October 22, 2026 at 12:08 p.m. CEST, 2.46 percent below the Xetra close of October 21, 2026 (EUR 266.75). The further course of trading is shown by the continuously updated real-time quote of Siemens stock.