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SAP

SAP

$115.24

-0.89 (-0.77%)

07:20
10/11/19
10/11
07:20
10/11/19
07:20

Jefferies keeps Buy rating on SAP after 'sudden' CEO departure

The departure of SAP CEO Bill McDermott, who oversaw a number of transformational acquisitions, is sudden, Jefferies analyst Julian Serafini tells investors in a research note. However, the appointment of Jennifer Morgan and Christian Klein as co-CEOs "is a sign of continuity and they emphasized a focus on organic development," adds the analyst. As such, Serafini believes the leadership change is unlikely to affect SAP's operational execution, and the analyst sees the company's better than expected Q3 results as supportive of this thesis. Serafini keeps a Buy rating on SAP shares.

  • 21

    Oct

  • 19

    Nov

SAP SAP
$115.24

-0.89 (-0.77%)

07/19/19
STFL
07/19/19
NO CHANGE
Target $155
STFL
Buy
Microsoft price target raised to $155 from $150 at Stifel
Stifel analyst Brad Reback raised his price target for Microsoft (MSFT) to $155 from $150 saying the company last night posted a "strong" Q4. Microsoft is effectively tapping into "sizable" Tier-1 enterprise workloads, a segment of the market that has historically been reserved for legacy providers like IBM (IBM), Oracle (ORCL) and SAP (SAP), Reback tells investors in a research note. He believes this leads to a "significant expansion" in Microsoft's total addressable market and should support growth at scale for many years to come. The analyst keeps a Buy rating on the shares.
07/19/19
DBAB
07/19/19
DOWNGRADE
DBAB
Hold
SAP downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Alex Tout downgraded SAP to Hold from Buy and lowered his price target for the shares to EUR 120 from EUR 135. He believes the company's momentum in Q2 fell short of what was needed for the shares to re-rate higher.
07/19/19
07/19/19
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 Deutsche Bank with analyst Alex Tout saying he believes the company's momentum in Q2 fell short of what was needed for the shares to re-rate higher. 2. Alcoa (AA) downgraded to Hold from Buy at Argus and Jefferies. 3. Paycom (PAYC) downgraded to Hold from Buy at Jefferies with analyst Samad Samana citing valuation. 4. Michaels (MIK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Elizabeth Suzuki citing a U.S. arts and crafts consumer survey that she said gave some color on why the company's same-store sales growth has been "lackluster. 5. News Corp. (NWSA) downgraded to Underweight from Neutral at JPMorgan with analyst Alexia Quadrani saying while the stock may appear attractively valued, she has little conviction in forward estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/22/19
JEFF
07/22/19
INITIATION
Target $155
JEFF
Buy
SAP initiated with a Buy at Jefferies
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.

TODAY'S FREE FLY STORIES

UN

Unilever; also tag UL

$59.71

1.25 (2.14%)

, UL

Unilever; also tag UN

$59.40

1 (1.71%)

06:14
10/17/19
10/17
06:14
10/17/19
06:14
Periodicals
Unilever cuts prices in U.S. amid shampoo rivalry with P&G, WSJ reports »

Unilever (UN, UL) CFO…

UN

Unilever; also tag UL

$59.71

1.25 (2.14%)

UL

Unilever; also tag UN

$59.40

1 (1.71%)

PG

Procter & Gamble

$116.77

0.3 (0.26%)

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NTRA

Natera

$36.30

-2.915 (-7.43%)

06:14
10/17/19
10/17
06:14
10/17/19
06:14
Syndicate
Natera 5.71M share Secondary priced at $35.00 »

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NTRA

Natera

$36.30

-2.915 (-7.43%)

06:14
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10/17
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10/17/19
06:14
Syndicate
Natera 5.714M share Secondary priced at $35.00 »

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NFLX

Netflix

$286.83

2.59 (0.91%)

, DIS

Disney

$130.95

1.18 (0.91%)

06:12
10/17/19
10/17
06:12
10/17/19
06:12
Downgrade
Macquarie downgrades Netflix to Neutral on slowing U.S. growth »

Macquarie analyst Tim…

NFLX

Netflix

$286.83

2.59 (0.91%)

DIS

Disney

$130.95

1.18 (0.91%)

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NFLX

Netflix

$286.83

2.59 (0.91%)

06:12
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10/17
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06:12
Recommendations
Netflix analyst commentary  »

Netflix remains long-term…

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  • 29

    Oct

MUX

McEwen Mining

$1.50

0.015 (1.01%)

06:12
10/17/19
10/17
06:12
10/17/19
06:12
Hot Stocks
McEwen Mining reports Q3 production 45,930 gold equivalent ounces »

McEwen Mining reported…

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WLL

Whiting Petroleum

$6.65

-0.07 (-1.04%)

06:11
10/17/19
10/17
06:11
10/17/19
06:11
Upgrade
Whiting Petroleum rating change  »

Whiting Petroleum…

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  • 18

    Oct

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    Nov

IGLD

Internet Gold

$18.90

(0.00%)

06:08
10/17/19
10/17
06:08
10/17/19
06:08
Hot Stocks
Internet Gold sees Searchlight Transaction closing on November 7 »

Internet Gold announced,…

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STI

SunTrust

$68.28

0.23 (0.34%)

06:07
10/17/19
10/17
06:07
10/17/19
06:07
Earnings
SunTrust reports Q3 EPS $1.34, consensus $1.41 »

Reports Q3 revenue…

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  • 17

    Oct

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    Nov

ERIC

Ericsson

$8.63

0.175 (2.07%)

06:07
10/17/19
10/17
06:07
10/17/19
06:07
Conference/Events
Ericsson to host investor update conference call »

Conference call to be…

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  • 17

    Oct

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UNTY

Unity Bancorp

$21.12

-0.45 (-2.09%)

06:06
10/17/19
10/17
06:06
10/17/19
06:06
Earnings
Breaking Earnings news story on Unity Bancorp »

Unity Bancorp reports Q3…

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F

Ford

$9.06

-0.02 (-0.22%)

, AMZN

Amazon.com

$1,777.43

8.73 (0.49%)

06:06
10/17/19
10/17
06:06
10/17/19
06:06
Hot Stocks
Ford introduces North America's largest electric vehicle charging network »

Ford (F) is offering its…

F

Ford

$9.06

-0.02 (-0.22%)

AMZN

Amazon.com

$1,777.43

8.73 (0.49%)

03/08/13
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  • 18

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CREE

Cree

$47.37

-1.38 (-2.83%)

06:06
10/17/19
10/17
06:06
10/17/19
06:06
Recommendations
Cree analyst commentary  »

Cree guidance to miss…

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WNS

WNS Holdings

$60.62

0.85 (1.42%)

06:04
10/17/19
10/17
06:04
10/17/19
06:04
Earnings
WNS Holdings sees FY20 adjusted EPS $2.93-$3.08, consensus $2.88 »

Sees FY20 revenue…

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WNS

WNS Holdings

$60.62

0.85 (1.42%)

06:03
10/17/19
10/17
06:03
10/17/19
06:03
Earnings
WNS Holdings reports Q2 adjusted EPS 79c, consensus 67c »

Reports Q2 revenue…

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  • 17

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CMA

Comerica

$65.50

-1.505 (-2.25%)

06:02
10/17/19
10/17
06:02
10/17/19
06:02
Downgrade
Comerica rating change  »

Comerica downgraded to…

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FNB

F.N.B.

$12.02

0.09 (0.75%)

06:01
10/17/19
10/17
06:01
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06:01
Earnings
F.N.B. reports Q3 EPS 31c, consensus 29c »

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  • 17

    Oct

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    Nov

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

05:58
10/17/19
10/17
05:58
10/17/19
05:58
General news
Boris Johnson announces 'great new' Brexit deal »

Prime Minister of the…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

05:55
10/17/19
10/17
05:55
10/17/19
05:55
General news
European Commission President says Brexit deal has been reached »

President of the European…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.46

-0.44 (-0.15%)

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WEGRY

Weir Group

$0.00

(0.00%)

05:51
10/17/19
10/17
05:51
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05:51
Downgrade
Weir Group rating change  »

Weir Group downgraded to…

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SPHHF

Sophos Group

$0.00

(0.00%)

05:50
10/17/19
10/17
05:50
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05:50
Downgrade
Sophos Group rating change  »

Sophos Group downgraded…

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ASOMY

Asos

$0.00

(0.00%)

05:49
10/17/19
10/17
05:49
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05:49
Upgrade
Asos rating change  »

Asos upgraded to Hold…

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  • 21

    Oct

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BC

Brunswick

$55.47

0.46 (0.84%)

05:48
10/17/19
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05:48
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05:48
Downgrade
Brunswick rating change  »

Brunswick downgraded to…

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  • 24

    Oct

BBT

BB&T

$53.00

0.25 (0.47%)

05:47
10/17/19
10/17
05:47
10/17/19
05:47
Earnings
BB&T reports Q3 adj. EPS $1.07, consensus $1.03 »

Reports Q3 revenue $3B,…

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  • 17

    Oct

  • 08

    Nov

ASML

ASML

$254.52

-13.04 (-4.87%)

05:45
10/17/19
10/17
05:45
10/17/19
05:45
Downgrade
ASML rating change  »

ASML downgraded to Hold…

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  • 19

    Nov

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