Siemens "neutral," target price raised

16.01.07 - J.P. Morgan Securities

LONDON, January 16 (newratings.com) - Analysts at JP Morgan maintain their "neutral" rating on Siemens (SIE). The target price has been raised from ?83 to ?84.

In a research note published this morning, the analysts mention that the company is likely to report clean results for 1Q, with like-for-like sales and order growth at 9% and 3%, respectively. The analysts expect operating margins to have improved in Siemens? I&S, SBT, SBS, Transport and Power Generation divisions during the quarter. The company is likely to have witnessed robust order growth in the A&D and Medical divisions, JP Morgan adds.