SAP: UBS confirms 'buy' rating
(CercleFinance.com) - UBS confirms its "buy" recommendation and price target of 140 euros (representing a potential upside of 7%) on SAP, following the announcement of the acquisition of LeanIX by the German software publisher.
According to the broker, this transaction, valued at over one billion euros, "is fully in line with the Group's growing emphasis on the potential of its platform with BTP (Business Technology Platform)".
" The EUR1bn+ LeanIX acq'n fits with SAP's growing emphasis on its platform potential with BTP. Mgt commentary remains robust on demand despite macro ".
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