SAP: Jefferies raises TP

(CercleFinance.com) - Jefferies confirms its 'buy' recommendation on SAP shares, raising its target price for them from E205 to E210, judging that "In a sector with mixed trading messages, we think SAP stands out as having
a product cycle which is arguably more important than the macro".


"With management recently highlighting improving sales pipelines, we believe 2Q results will provide reassurance on the cloud migration and overall growth outlook", the broker adds.


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