Market Overview

Morgan Stanley Likes SAP's Purchase of Hybris, Maintains Overweight

Related SAP
Morning Market Losers
SAP Posts Rise In Q1 Profit

An analyst at Morgan Stanley was optimistic on SAP's (NYSE: SAP) purchase of Hybris Thursday morning, nothing Hybris is one of the strongest growth stories within the software markets.

The analyst believes Hybris will likely run at or just over breakeven, implying an only minimal impact on SAP's outlook moving foward.

Morgan Stanley maintains an Overweight rating on shares of SAP following the news.

SAP shares are up about 1 percent to $75.41 heading into the afternoon session.

Posted-In: Analyst Color News M&A Analyst Ratings

 

Most Popular

Related Articles (SAP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free