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Fly News Breaks for January 29, 2020
SAP
Jan 29, 2020 | 06:32 EDT
RBC Capital analyst Alex Zukin lowered his price target on SAP to $157 after its "mixed" Q4 results, noting the company generated solid license performance and margin but cloud revenues were impacted by APAC macro volatility. The analyst still keeps his Outperform rating on SAP, citing the management's affirmed medium-term guidance as well as "broader steady growth" and margin leverage.
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