Siemens "hold," target price raised

20.01.06 - ING Financial Markets

LONDON, January 20 (newratings.com) - Analyst Delphine Brault of ING Financial Markets maintains his "hold" rating on Siemens (SIE-EUR). The 12-month target price has been raised from ?65 to ?69.

In a research note published this morning, the analyst mentions that the company is scheduled to report its F1Q06 results on January 26. The analyst expects Siemens' group profits for the quarter to be ahead of the consensus, primarily due to lower-than-expected restructuring expenses at the company's COM segment. The company is likely to have witnessed robust performances by its A&D, PG and medical segments during the quarter, ING Financial Markets adds.