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Fly News Breaks for March 5, 2018
Mar 5, 2018 | 08:43 EDT
RBC Capital analyst Ross MacMillan lowered his price target on SAP to $115 ahead of the company's Capital Markets Day to reflect the underperformance in the stock price. The analyst says he will look for signals around accelerating adoption in S/4H platforms, sustainable organic cloud growth, and a path toward the management's margin goals. MacMillan keeps his Sector Perform rating on SAP, stating while the current share price reflects a balance in risk-reward, he views the company's fundamentals around the S/4 product cycle and LoB cloud apps positively.
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