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Stock Market & Financial Investment News

News Breaks
March 17, 2014
07:01 EDTSAPSAP upgraded to Buy from Neutral at Citigroup
Citigroup upgraded SAP citing the bottoming out of consensus expectations and the improving German market.
News For SAP From The Last 14 Days
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April 15, 2015
08:17 EDTSAPSAP's financial integration platform selected by Citi and Asian Paints
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April 6, 2015
10:02 EDTSAPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Sell from Hold at Deutsche Bank... CONSOL (CNX) downgraded to Hold from Buy at Deutsche Bank... Catamaran (CTRX) downgraded to Market Perform from Outperform at BMO Capital... Comerica (CMA) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Market Perform from Outperform at FBR Capital... Magnum Hunter (MHR) downgraded to Hold from Buy at Wunderlich... Qualcomm (QCOM) downgraded to Market Perform from Outperform at FBR Capital... Regions Financial (RF) downgraded to Neutral from Buy at Guggenheim... SAP (SAP) downgraded at Wells Fargo... Sanderson Farms (SAFM) downgraded to Underweight from Sector Weight at KeyBanc... Scorpio Tankers (STNG) downgraded to Neutral from Accumulate at Global Hunter... Simpson Manufacturing (SSD) downgraded to Neutral from Buy at DA Davidson... Skyworks (SWKS) downgraded at Stephens... TripAdvisor (TRIP) downgraded to Hold from Buy at Needham... Western Union (WU) downgraded to Neutral from Positive at Susquehanna... Zillow Group (Z) downgraded to Equal Weight from Overweight at Barclays.
07:52 EDTSAPSAP downgraded at Wells Fargo
As noted earlier, Wells Fargo downgraded SAP to Underperform from Market Perform. The firm downgraded the stock based on valuation and its belief that transitioning to cloud computing will prove challenging for the company ,given technical weaknesses and the shortcomings of the HS/4 HANA product. Wells does not expect the product to drive material growth.
07:37 EDTSAPSAP downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo downgraded SAP to Underperform saying the stock is fully valued while the company faces a "fundamental challenge" in transitioning to cloud computing. Wells believes SAP is "paying for the poor technical decisions made last decade." It has a EUR56-EUR60 price target range for shares.

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