Siemens "overweight"

20.04.06 - J.P. Morgan Securities

LONDON, April 20 (newratings.com) - Analyst Andreas Willi of JP Morgan maintains his "overweight" rating on Siemens (SIE-EUR).

In a research note published this morning, the analyst mentions that the company is likely to post its Q2 orders and sales at ?22.9 billion and ?20.4 billion, respectively. Siemens is likely to have witnessed like-for-like order growth of 13% during the quarter, driven by the performance of the PTD, A&D, PG and Transport segments, the analyst adds.