Jefferies raised the firm’s price target on SAP to EUR 200 from EUR 190 and keeps a Buy rating on the shares. Since the arrival of a new CFO, it has been clear the quality of SAP’s earnings has been improving, the analyst tells investors in a research note. Improving balance sheet metrics with regards to capitalized costs along with solid cloud order book trends point to the sustainability of the company’s momentum going forward, says the firm.
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