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

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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, with a 52 week range of $21.90-$45.48.

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