Siemens "buy"

28.02.06 - ING Financial Markets

LONDON, February 28 (newratings.com) - Analyst Delphine Brault of ING Financial Markets maintains her "buy" rating on Siemens (SIE-EUR), The 12-month target price is set to ?86.

In a research note published this morning, the analyst mentions that the company has recently reaffirmed its guidance for FY07. The analyst expects the demand in a majority of Siemens' industrial divisions to remain stable in the forthcoming quarters. The company's medium-term growth is expected to be partly driven by order growth and increased margins at several divisions, ING Financial Markets adds.