SAP "buy"

23.05.07 - Dresdner Kleinwort Wasser.

LONDON, May 23 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on SAP AG (SAP). The target price is set to ?43.

In a research note published this morning, the analysts mention that the changes in the UK local government?s structure would favourably impact the company?s sales in this region. The transformation activity linked with the shift towards unitary government is anticipated to encourage investments in software going forward, the analysts say. Dresdner Kleinwort adds that SAP might be one of the main beneficiaries of these investments.