Siemens "buy"

29.05.07 - Dresdner Kleinwort Wasser.

LONDON, May 29 (newratings.com) - Analyst James Stettler of Dresdner Kleinwort maintains his "buy" rating on Siemens AG (SIE). The target price is set to ?100.

In a research note published this morning, the analyst mentions that the performance of all the company?s divisions, except probably the SBS unit, seems to be healthy. Siemens? outgoing CEO has indicated that the company is likely to at least sustain the robust margins it achieved in 2Q, backed by the favourable conditions in most end markets.