Stocks in Action: SAP, Kering, Atoss Software, MTU Aero Engines, Nokia
Reading Time: 4 minutes
Stock 1.) SAP - Software giant remains strong despite cautious statements regarding the cloud business, RBC raises price target to €292 and maintains Outperform rating! The SAP stock appears resilient on Thursday, even though the Walldorf software company disappointed the market with cautious comments about the development of its cloud segment after the market close the previous evening. Accordingly, for the current fiscal year, they expect a currency-adjusted revenue increase in cloud revenues at the lower end of the range of 26 to 28%. Conversely,...
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