DA Davidson analyst Rishi Jaluria initiated PROS with a Neutral rating and a price target of $28, saying the company is amid a cloud transition since mid-2015. Jaluria likes PROS' leadership in pricing optimization for airlines, with about 60% of airlines as its customers, as well as the company's momentum in cloud transition with 95% of new deals as cloud deals in the past few quarters. The analyst is concerned about the company's cash burn however, as PROS faces "Configure Price Quote" business competition from salesforce.com (CRM) and SAP (SAP).

Berenberg raised the firm's price target on SAP to EUR 195 from EUR 190 and keeps a Buy rating on the shares.

HSBC raised the firm's price target on SAP to EUR 200 from EUR 180 and keeps a Buy rating on the shares. The company's Q1 report was "solid even if not spectacular" as it sees continued strong momentum, the analyst tells investors in a research note. The firm says SAP's long-term revenue growth prospects are supported by a shift to cloud combined with monetization of its artificial intelligence opportunity.

Barclays lowered the firm's price target on SAP to $210 from $212 and keeps an Overweight rating on the shares post the Q1 report. SAP is well positioned for artificial intelligence, but the near-term financial impact is likely to be limited, while any restructuring creep should drive further EBIT upside, files to sell common stock, no amount given

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here