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Fly News Breaks for July 22, 2019
SAP
Jul 22, 2019 | 04:49 EDT
Jefferies analyst Julian Serafini started SAP with a Buy rating and $155 price target. The company is benefiting from the S/4HANA upgrade cycle, resulting in a multi-billion euro incremental revenue opportunity, Serafini tells investors in a research note. Further, its guidance of 500 basis point operating margin improvement by 2023 "appears easily achievable, with the majority stemming from cloud improvements alone," adds the analyst.
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