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Fly News Breaks for April 29, 2019
SAP
Apr 29, 2019 | 09:29 EDT
As previously reported, RBC Capital analyst Ross MacMillan upgraded SAP to Outperform and raised his price target to $167 from $133. The analyst believes that the company's future earnings growth could come from strong cloud business performance and improved capital allocation. MacMillan also cites SAP management's commitment to expanding operating margins as well as the company's "stable" core business, adding that the valuation on the shares is "relatively attractive."
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