Siemens upgraded to "buy"

12.06.06 - Jyske Bank

LONDON, June 12 (newratings.com) - Analyst Per Hansen of Jyske Bank upgrades Siemens (SIE-EUR) from "reduce" to "buy." The target price is set to ?75.

In a research note dated June 7 and published this morning, the analyst mentions that the company's share price has depreciated by nearly 20%, following the Q2 results release. The analyst expects Siemens to increase its earnings margin easily in the forthcoming years via a sustained focus on boosting sales and reducing costs. The company is relatively well diversified in the defensive industrial sectors, Jyske Bank adds.