Siemens "buy"

22.06.07 - Dresdner Kleinwort Wasser.

LONDON, June 22 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on Siemens (SIE). The target price is set to ?100.

In a research note published this morning, the analysts mention that the company has indicated that it remains committed to improving its capital efficiency. Siemens intends to distribute any excess cash to its shareholders in the medium term, the analysts say. According to Dresdner Kleinwort, there is significant upside to the company?s share price.