SAP: Morgan Stanley maintains 'equal weight' rating
(CercleFinance.com) - Morgan Stanley reiterates its neutral rating ("equal weight"), while maintaining its target price of 105 euros on the SAP stock, although believes that risk is improving for the share of the German software package publisher.
"Our checks have been positive for 3Q18. We think traction around S/4 HANA has improved this quarter, with more maturity and increased flexibility on discounts/contracts. While we stay EW, we think risk is to the upside into the quarter," the broker said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Our checks have been positive for 3Q18. We think traction around S/4 HANA has improved this quarter, with more maturity and increased flexibility on discounts/contracts. While we stay EW, we think risk is to the upside into the quarter," the broker said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.