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SAP: back with brokers



SAP is withdrawing from 1.1% and undermines DAX Frankfurt against the backdrop of brokers like UBS, which remains "bought", but with a adjusted target group of 100 98 euros, noting that its quarterly "seemingly good profits are exceptional positive items".

"The goals of 2023 look plausible – if the margins in the cloud get better," says a financial intermediary, reminding that "the dynamics here remained weak in the fourth quarter."

For its part, Oddo BHF passes from "buying" "neutral" to the title of the publisher of the German software package, for a price of 121 98 euros, after "a new big disappointment in the free cash flow" 2, 9 billion euros against 3 , 1 billion euros.

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