SAP "buy"

27.02.08 - LB Baden-Württemberg

LONDON, February 26 (newratings.com) - Analysts at LB Baden-Württemberg maintain their "buy" rating on SAP AG (SAP). The target price is set to ?39.

In a research note published yesterday, the analysts mention that the company has posted revenues of ?10.24 billion and achieved robust, broad-based business development during 2007. The year 2008 is, however, likely to be significantly challenging for SAP, the analysts say. The company has expressed its optimism regarding its short- and mid-term business development potential.