Siemens "buy"

21.05.07 - UBS

LONDON, May 21 (newratings.com) - Analysts at UBS maintain their "buy" rating on Siemens (SIE). The target price is set to ?107.

In a research note published this morning, the analysts mention that in spite of the difficulties associated with the bribery scandal, with the appointment of the new CEO, Peter Loescher, investors are expected to refocus their attention on the "Fit for 2010" targets and the company?s most recent earnings trends. Siemens remains firmly committed to its new "Fit for 2010 programme, the analysts say.