Barclays analyst Raimo Lenschow raised the firm’s price target on SAP to $136 from $134 and keeps an Overweight rating on the shares. The fundamentals of SAP’s transition are "clearly solid," the analyst tells investors in a research note. The firm says the company’s cloud is accelerating and profit is following, with upside building to the fiscal year guide. It continues to think that a structural improvement in free cash flow generation "will bring more investors onboard.:
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