Siemens "buy"

10.09.07 - Dresdner Kleinwort Wasser.

LONDON, September 10 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on Siemens AG (SIE-EUR). The target price is set to ?125.

In a research note published this morning, the analysts mention that there is investor concern surrounding the company?s willingness to improve its capital discipline. Siemens? upcoming investor meet is targeted at reassuring the market that the company continues to be focused on streamlining its ineffective management structure and portfolio, the analysts say. A clear statement by Siemens at this meet would act as a catalyst for the company?s share price, Dresdner Kleinwort believes.