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SAP

SAP

$114.84

1.07 (0.94%)

07:29
04/24/19
04/24
07:29
04/24/19
07:29

Elliott reveals SAP stake, says it supports management push, Reuters reports

Activist investor Elliott Management disclosed a EUR1.2B, or $1.35B, stake in SAP and said it supports a management strategy review at the business software company to strengthen operational execution, Reuters' Douglas Busvine reports, citing a statement. "Elliott fully supports the initiatives announced today," Elliott said in a statement after SAP's Q1 results. "The company's shares were clearly undervalued in relation to its revenue growth, and today's announcement lays the foundation for substantial realisation of value." Reference Link

  • 24

    Apr

  • 07

    May

SAP SAP
$114.84

1.07 (0.94%)

02/04/19
02/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Aveo Pharmaceuticals (AVEO) downgraded to Neutral from Buy at B. Riley FBR with analyst Harshita Polishetty saying she sees a financing overhang after the FDA recommended against the filing of the company's tivozanib new drug application. 2. BHP Billiton (BHP) downgraded to Underweight from Neutral at JPMorgan while Rio Tinto (RIO) was downgraded to Neutral from Overweight at. 3. SAP (SAP) downgraded to Neutral from Buy at BofA/Merrill. 4. MacroGenics (MGNX) downgraded to Sell from Neutral at Citi with analyst Yigal Nochomovitz saying his re-examination of the prior Phase 1 data underpinning the ongoing Phase 3 SOPHIA trial has led him to revise his base case expectation to a failure for the trial. 5. Okta (OKTA) downgraded to Sector Weight from Overweight at KeyBanc with analyst Rob Owens saying that while the Street clearly anticipates meaningful upside to expectations, he believes many of the upside scenarios render shares fairly valued at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/09/19
UBSW
04/09/19
DOWNGRADE
UBSW
Neutral
SAP downgraded to Neutral from Buy at UBS
UBS analyst Michael Briest downgraded SAP to Neutral from Buy while raising his price target for the shares to EUR 105 from EUR 98. The analyst says that while he expects in-line Q1 results, he does not expecting an inflection in S/4 adoption this year and sees Qualtrics as "unlikely to transform" SAP's near-term prospects. Further, while the company's cloud margins have been on a steadily improving trajectory, the 2020 target of a 71% gross margin "still seems unattainable," Briest tells investors in a research note. With the shares now at a near 20 times price-to-earnings multiple on 2020 estimates, the analyst sees SAP as near fair value.
04/09/19
HSBC
04/09/19
DOWNGRADE
HSBC
Hold
SAP downgraded to Hold from Buy at HSBC
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.
04/09/19
04/09/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SAP (SAP) downgraded to Hold from Buy at HSBC and to Neutral from Buy at UBS. 2. American Assets Trust (AAT) downgraded to Sector Weight from Overweight at KeyBanc with analyst Todd Thomas saying the stock has surpassed his previous $45 price target. 3. Ball Corp. (BLL) downgraded to Market Perform from Outperform at BMO Capital with analyst Mark Wilde saying that after an "impressive run," the stock is now trading at the upper end of its peer group range. 4. Charter (CHTR) downgraded to Neutral on valuation at Macquarie with analyst Amy Young saying shares reflect much of the operational and free cash flow potential and further multiple expansion hinges on its ability to set a consistent track record. 5. U.S. Steel (X) downgraded to Underperform from Neutral at Credit Suisse with analyst Curt Woodworth saying after performing deep dive analysis on U.S. Steel Flat Rolled segment, the analyst concludes the step-function rise in unit costs the past several years coupled with loss of automotive share suggests the company is in a weaker competitive position versus peers entering the "Sheet Tsunami" period in the U.S. from 2021-2022. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CMCSA

Comcast

$42.11

-0.64 (-1.50%)

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Comcast

$0.00

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CMCSA

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MLHR

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0.75 (2.02%)

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ACRS

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$4.45

0.06 (1.37%)

BA

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5.68 (1.54%)

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OXY

Occidental Petroleum

$50.42

1.05 (2.13%)

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0.41 (0.58%)

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OXY

Occidental Petroleum

$50.42

1.05 (2.13%)

APC

Anadarko

$70.50

0.41 (0.58%)

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  • 27

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PIR

Pier 1 Imports

$8.80

0.14 (1.62%)

18:15
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Breaking Hot Stocks news story on Pier 1 Imports »

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  • 26

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FB

Facebook

$187.60

-1.27 (-0.67%)

, AMZN

Amazon.com

$1,897.51

18.25 (0.97%)

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FB

Facebook

$187.60

-1.27 (-0.67%)

AMZN

Amazon.com

$1,897.51

18.25 (0.97%)

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NOMD

Nomad Foods

$20.34

-0.24 (-1.17%)

18:05
06/26/19
06/26
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Initiation
Nomad Foods initiated at Goldman Sachs »

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ISTR

Investar Holding

$23.35

0.23 (0.99%)

18:04
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Investar Holding increases quarterly dividend 5% to 5.5c per share »

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ISTR

Investar Holding

$23.35

0.23 (0.99%)

18:02
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Investar Holding authorizes additional 300,000 share repurchase »

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GD

General Dynamics

$178.77

1.12 (0.63%)

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General Dynamics awarded $217M Air Force Intelligence System Support contract »

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TM

Toyota

$123.23

-0.68 (-0.55%)

, SFTBF

SoftBank

$0.00

(0.00%)

17:50
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5 Japanese car makers to invest in Toyota-SoftBank self-driving JV, NAR says »

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TM

Toyota

$123.23

-0.68 (-0.55%)

SFTBF

SoftBank

$0.00

(0.00%)

MZDAF

Mazda

$0.00

(0.00%)

SZKMF

Suzuki

$0.00

(0.00%)

FUJHY

Subaru

$0.00

(0.00%)

ISUZY

Isuzu Motors

$0.00

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UAL

United Continental

$85.32

0.27 (0.32%)

, BA

Boeing

$375.05

5.68 (1.54%)

17:47
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Periodicals
United takes 737 MAX off flying schedule until September 3, Reuters says »

United Airlines (UAL) has…

UAL

United Continental

$85.32

0.27 (0.32%)

BA

Boeing

$375.05

5.68 (1.54%)

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NOMD

Nomad Foods

$20.34

-0.24 (-1.17%)

17:43
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Initiation
Nomad Foods initiated at Goldman Sachs »

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AMC

AMC Entertainment

$9.45

-0.03 (-0.32%)

, HMNY

Helios and Matheson

$0.00

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AMC

AMC Entertainment

$9.45

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HMNY

Helios and Matheson

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SECCF

Serco Group

$0.00

(0.00%)

, BAESY

BAE Systems

$0.00

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Serco Group

$0.00

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BAESY

BAE Systems

$0.00

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ACRS

Aclaris Therapeutics

$4.45

0.06 (1.37%)

17:28
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Aclaris Therapeutics plunges 33% after Phase 2 results miss endpoints »

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  • 26

    Jun

DOVA

Dova Pharmaceuticals

$10.56

0.27 (2.62%)

17:25
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Breaking Hot Stocks news story on Dova Pharmaceuticals »

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  • 30

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KBH

KB Home

$23.58

-0.24 (-1.01%)

17:24
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KB Home says it expects to grow average community count over the next two years »

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  • 26

    Jun

EARS

Auris Medical

$2.84

0.04 (1.43%)

17:23
06/26/19
06/26
17:23
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Syndicate
Auris Medical requests withdrawal of registration statement »

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VRCA

Verrica Pharmaceuticals

$9.44

-0.1 (-1.05%)

17:22
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Verrica Pharmaceuticals spikes over 13% after study outcome for VP-102 »

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ADT

ADT Inc.

$5.99

0.115 (1.96%)

17:13
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ADT, BH Management team on integration of smart technology in multifamily units »

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ZYXI

Zynex

$10.48

(0.00%)

17:12
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Syndicate
Breaking Syndicate news story on Zynex »

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BNS

Bank of Nova Scotia

$54.22

0.05 (0.09%)

, OFG

OFG Bancorp

$20.75

0.305 (1.49%)

17:09
06/26/19
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Conference/Events
OFG Bancorp to hold a conference call »

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BNS

Bank of Nova Scotia

$54.22

0.05 (0.09%)

OFG

OFG Bancorp

$20.75

0.305 (1.49%)

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  • 27

    Aug

SHO

Sunstone Hotel

$13.19

-0.07 (-0.53%)

17:07
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Upgrade
Sunstone Hotel rating change at Wedbush »

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  • 02

    Aug

ACRS

Aclaris Therapeutics

$4.45

0.06 (1.37%)

17:03
06/26/19
06/26
17:03
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Conference/Events
Aclaris Therapeutics to hold a conference call »

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ERYP

Erytech Pharma

$6.69

(0.00%)

17:01
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Erytech enrolls first patient in Phase 2 Eryaspase clinical trial »

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