BMO Capital lowered the firm’s price target on SAP (SAP) to $320 from $330 and keeps an Outperform rating on the shares. The company reported a solid September Q3, though the Q4 guide is a bit disappointing, the analyst tells investors in a research note. BMO adds however that SAP is well-positioned for the long term and has a high degree of potential for cloud conversion in the near to medium term.
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