SAP "buy"

05.04.06 - Dresdner Kleinwort Wasser.

LONDON, April 5 (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's customer penetration rates are expected to improve going forward. SAP is benefiting from favourable trends in its legacy application replacement cycle, the analysts say.