Morgan Stanley Likes SAP's Purchase of Hybris, Maintains Overweight
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.