UPDATE: Barclays Downgrades Ariba (ARBA) to Equalweight; SAP Deal Should Be Approved Soon
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Price: $44.80 --0%
Rating Summary:
3 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 9
Rating Summary:
3 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 9
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(Updated - August 3, 2012 2:12 PM EDT)
Barclays downgraded Ariba (NASDAQ: ARBA) from Overweight to Equalweight with a price target of $45.00 (from $50.00).
Analyst, Raimo Lenschow, said, "Downgrading ARBA to reflect the proposed
takeover by SAP (NYSE: SAP), which we think should be approved relatively soon (the market is pricing in a 95%+ chance of success)."
For an analyst ratings summary and ratings history on Ariba click here. For more ratings news on Ariba click here.
Shares of Ariba closed at $44.55 yesterday.
Barclays downgraded Ariba (NASDAQ: ARBA) from Overweight to Equalweight with a price target of $45.00 (from $50.00).
Analyst, Raimo Lenschow, said, "Downgrading ARBA to reflect the proposed
takeover by SAP (NYSE: SAP), which we think should be approved relatively soon (the market is pricing in a 95%+ chance of success)."
For an analyst ratings summary and ratings history on Ariba click here. For more ratings news on Ariba click here.
Shares of Ariba closed at $44.55 yesterday.
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