SAP "buy"

13.12.06 - Dresdner Kleinwort Wasser.

LONDON, December 13 (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 company?s stock has underperformed the broader market. This underperformance reflects the fears regarding SAP?s margin and growth prospects, which the analysts believe are overdone. The company has expressed its optimism regarding its prospects in the medium term.