SAP "buy"

19.09.06 - Dresdner Kleinwort Wasser.

LONDON, September 19 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on SAP AG (SAP). The target price is set to ?210.

In a research note published this morning, the analysts mention that the concerns over a potential pull-back in software investment seem to have been overdone. The analysts believe that the shortfall in SAP?s 2Q license sales had been primarily on account of the deal slippage in the UK central government contracts.