Siemens "neutral"

20.07.06 - J.P. Morgan Securities

LONDON, July 20 (newratings.com) - Analysts at JP Morgan maintain their "neutral" rating on Siemens (SIE-EUR). The target price is set to ?78.

In a research note dated July 19 and published this morning, the analysts mention that the company is likely to report its 3Q orders, sales, group profit from operations and net income at ?22.1 billion, ?21.1 billion, ?1,222 million and ?690 million, respectively. Siemens is likely to increase its focus on operating margin development at its Industrial divisions and the generation of cash flow going forward, JP Morgan adds.