Siemens "buy"

09.11.06 - Dresdner Kleinwort Wasser.

LONDON, November 9 (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 the company has reported its 4Q revenues and operating profits in-line with the estimates and ahead of the consensus. Siemens has reported healthy order growth in 4Q for its Automation & Drives and Medical segments, the analysts say. Margins at the company?s Medical division were also encouraging, Dresdner Kleinwort adds.