Siemens "buy"

27.07.06 - Dresdner Kleinwort Wasser.

LONDON, July 27 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on Siemens AG (SIE-EUR). The target price is set to ?82.

In a research note published this morning, the analysts mention that the company has reported its 3Q organic orders and sales growth in-line with the estimates. Siemens? operating profits for the quarter were short of the estimates, the analysts say. The EBIT margins at the company?s three core units were weak during the quarter, Dresdner Kleinwort adds.