SAP "buy"

17.08.06 - Dresdner Kleinwort Wasser.

LONDON, August 17 (newratings.com) - Analysts at Dresdner Kleinwort maintain 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 recent results from the software IT services sector in the US are encouraging. SAP's recent stock performance has been driven by encouraging macro environment, the analysts add. The analysts express their optimism regarding the company's H2 prospects, with underlying demand environment continuing to be robust in the US.