SAP price target raised to $251 from $217 at Barclays

Barclays raised the firm’s price target on SAP to $251 from $217 and keeps an Overweight rating on the shares. SAP remains “under-owned” in the U.S., but its more resilient sales growth, guided growth acceleration and substantial margin upside, combined with an attractive valuation, make it a compelling investment case for U.S. investors, the analyst tells investors in a research note. The firm expects the stock’s U.S. ownership to increase, with SAP’s focus on the U.S. capital markets acting as a catalyst.