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Fly News Breaks for April 9, 2019
SAP
Apr 9, 2019 | 05:44 EDT
HSBC analyst Antonin Baudry downgraded SAP to Hold from Buy with a price target of EUR 110. UBS this morning also downgraded SAP. Baudry sees a less favorable risk/reward at current share levels. SAP's free cash flow generation and its margins are at risk due to a quicker than expected shift to the cloud, the analyst tells investors in a research note.
News For SAP From the Last 2 Days
SAP
Apr 24, 2024 | 12:12 EDT
Berenberg raised the firm's price target on SAP to EUR 195 from EUR 190 and keeps a Buy rating on the shares.
SAP
Apr 24, 2024 | 08:10 EDT
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.
SAP
Apr 24, 2024 | 05:33 EDT
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