UPDATE: Barclays Downgrades Ariba (ARBA) to Equalweight; SAP Deal Should Be Approved Soon

August 3, 2012 7:27 AM EDT
Get Alerts ARBA Hot Sheet
Price: $44.80 --0%

Rating Summary:
    3 Buy, 5 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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