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Fly News Breaks for April 25, 2019
SAP
Apr 25, 2019 | 07:19 EDT
RBC Capital analyst Ross MacMillan raised his price target on SAP to $133 after its better than expected Q1 results, with upside highlighted by the company's Cloud gross margins. The analyst also points to the management's plan targeting higher margins and profit growth. MacMillan keeps his Sector Perform rating on SAP but says he is more positive on the stock after this quarter, looking to do "more work" on the company's upside potential.
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