SAP: UBS raises TP

(CercleFinance.com) - UBS confirms its 'buy' recommendation on SAP shares, raising its target price for them from E222 to E237, which now offers 12% upside potential for the stock, the day after the German enterprise software provider's quarterly publication.


SAP presented another solid quarter, with targets slightly revised upwards despite the recognition of macroeconomic headwinds, the broker said, adding that the modernisation cycle remains vigorous.


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