SAP "buy"

16.03.06 - Dresdner Kleinwort Wasser.

LONDON, March 16 (newratings.com) - Analysts at Dresdner Kleinwort Wasserstein reiterate their "buy" rating on SAP AG (SAP-EUR). The target price is set to ?210.

In a research note published this morning, the analysts mention that the company is better positioned to achieve new customer growth through the increased penetration of its core installed base. Although Oracle's Fusion offerings are likely to gain some traction, customers surveyed did not seem in favour of switching vendors, the analysts say.