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SAP: Jefferies still a buyer

( - Jefferies confirms its buy rating on the SAP stock with a target price of 132 euros.

"SAP is rolling out an industry cloud with vertical focuses and emphasizing the use of the SAP Cloud Platform for extensibility," it says.

"Going forward, SAP will focus its efforts on its core portfolio and applications where it is #1 or #2 in the market - with partnerships likely for the remainder, which could result in a more focused SAP than in past years," analysts add.

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