Siemens "overweight"

09.03.07 - J.P. Morgan Securities

LONDON, March 9 (newratings.com) - Analysts at JP Morgan reiterate their "overweight" rating on Siemens AG (SIE). The target price is set to ?90.

In a research note published this morning, the analysts mention that the company is likely to report healthy 2Q results. Siemens? asset quality and growth profile are being bolstered by the company?s proposed portfolio changes, the analysts add. The planned IPO or the sale of VDO is expected to be a catalyst for the company?s share price going ahead, the analysts say.