Siemens "buy"

21.04.06 - ING Financial Markets

LONDON, April 21 (newratings.com) - Analyst Delphine Brault of ING Financial Markets maintains his "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 is expected to post its F2Q06 profits from operations at ?1,266 million, including restructuring charges on SBS and COM. The company is scheduled to report its F2Q06 results on April 27, the analyst adds. Siemens? order intake is likely to have remained robust at ?22 billion during the quarter, marginally short of the consensus, ING Financial Markets adds.