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Fly News Breaks for April 6, 2015
SAP
Apr 6, 2015 | 07:52 EDT
As noted earlier, Wells Fargo downgraded SAP to Underperform from Market Perform. The firm downgraded the stock based on valuation and its belief that transitioning to cloud computing will prove challenging for the company ,given technical weaknesses and the shortcomings of the HS/4 HANA product. Wells does not expect the product to drive material growth.
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