Siemens"buy," target price raised

22.01.07 - Dresdner Kleinwort Wasser.

LONDON, January 22 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on Siemens AG (SIE-EUR). The target price has been raised from ?82 to ?90.

In a research note published this morning, the analysts mention that the company is expected to post its 2008 EPS at ?6.13, driven by the expected margin expansion, specifically in Medical and Power Generation divisions. Siemens? automation and power businesses now represent 64% of the company?s sales, after the reorientation of Siemens Business Services, the analysts say.