Morgan Stanley lowered the firm’s price target on Sage Group (SGPYY) to 1,400 GBp from 1,485 GBp and keeps an Overweight rating on the shares. The firm’s deep dive into the $6B mid-market Enterprise Resource Planning and accounting software market leads it to view Intuit (INTU) as “best-positioned,” but also leaves it seeing “plenty of runway” for Sage and Xero (XROLF) too, the analyst tells investors.
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