UBS analyst Michael Briest downgraded Software AG to Neutral from Buy with a price target of EUR 22.20, down from EUR 37. The analyst sees heightened execution risks near-term, and "intense" competition and a long software-as-a-service transition limiting the company’s margin recovery.
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Published first on TheFly
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- Software AG price target lowered to EUR 24.50 from EUR 27 at Morgan Stanley
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