SOFTWARE AG: Subscriptions are successful, but valuation is quite demanding | SELL | EUR34 vs. EUR29 (-15%)
SOFTWARE AG - SELL | EUR34 vs. EUR29 (-15%)Subscriptions are successful, but valuation is quite demanding
The move to subscriptions is successful
Helix translates into better competitiveness and sales momentum
Acquisitions likely to resume soon
Sell reiterated but we raise our Fair Value to EUR34 from EUR29
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.