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.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on STWRY: