Level 3 downgraded to Neutral from Buy at DA Davidson DA Davidson downgraded Level 3, citing valuation and its belief that sales by the company's EMEA unit and its wholesale business were flat to down in Q4. Price target $25.
SAP names new Chief Digital Officer, Chief Marketing Officer SAP (SAP) announced that Jonathan Becher has been appointed as the company's first Chief Digital Officer to lead the company's new digital business unit with immediate effect. SAP has appointed Maggie Chan Jones as Chief Marketing Officer. Jones, who will join SAP from Level 3 Communications (LVLT), spent seven years at Microsoft (MSFT). She has extensive cloud experience having successfully navigated Microsoft's transition from on premise to a cloud business.