Close

UPDATE: Jefferies Starts SAP AG (SAP) at Hold

November 20, 2014 4:56 PM EST
Get Alerts SAP Hot Sheet
Price: $186.77 -0.82%

Rating Summary:
    20 Buy, 10 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
Join SI Premium – FREE
(Updated - November 21, 2014 8:55 AM EST)

Jefferies initiated coverage on SAP AG (NYSE: SAP) with a Hold rating with a €57 price target.

Analyst John DiFucci commented, "In our view, SAP’s key enabler of success is its in-memory computing platform, HANA, and its ability to facilitate a transition to the cloud and drive an application refresh cycle. However, we believe it is prudent to wait for more evidence of HANA-enabled apps before becoming constructive."

For an analyst ratings summary and ratings history on SAP AG click here. For more ratings news on SAP AG click here.

Shares of SAP AG closed at $68.72 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, New Coverage

Related Entities

Jefferies & Co