Siemens "buy"

13.10.06 - Dresdner Kleinwort Wasser.

LONDON, October 13 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on Siemens AG (SIE). The target price is set to ?82.

In a research note published this morning, the analysts mention that SBS is to be retained as a core part of the company and would be integrated, along with four IT development units, into Siemens IT Solutions & Services. SBS remains overstaffed and is likely to post ?5 million in losses for FY07, the analysts say.