Bernstein SocGen Group Starts SAP AG (SAP) at Outperform

Bernstein SocGen Group analyst Mark Moerdler initiates coverage on SAP AG (NYSE: SAP) with a Outperform rating and a price target of $227.00.

The analyst comments "We are jointly initiating on SAP, leveraging a combination of our deep software expertise and knowledge of Cloud transitions with our European software and IT services knowledge, to deliver a unique perspective on the company and the long-term investment opportunity. To do this, we have created a joint thesis on the company explaining why we have an Outperform rating and why we believe it is one of the best investment opportunities within our joint coverage. As discussed within this note, we build on our prior research on the industry, on the ERP market (Link), and specifically on SAP."

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 $193.91 yesterday.

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