• Most Popular
  • Most Shared

STOCKS NEWS EUROPE-SAP gains on BoA-Merrill upgrade

Thu Jul 9, 2009 3:21am EDT

Stocks

   

Shares in German business software maker SAP (SAPG.DE) rise 3 percent to the top of Germany's DAX top-30 index .GDAXI, after Banc of America-Merrill Lynch upgrades the stock to "buy" from "neutral".

"Given the low expectation level we do not see negative surprises from the second quarter. From Q3 onwards (comparisons) for the company should get easier, which will help improve sentiment on the name," the broker writes in a note.

SAP is scheduled to release Q2 results on July 29.

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net


More from Reuters

Photo

New home sales hit seven-month low

WASHINGTON (Reuters) - Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, but a surprise drop in new home sales was a reminder that the economic recovery would be bumpy.

» More Top News
A glass of water taken from a residential well after the start of natural gas drilling in Dimock, Pennsylvania, March 7, 2009. Dimock is one of hundreds of sites in Pennsylvania where energy companies are now racing to tap the massive Marcellus Shale natural gas formation. REUTERS/Tim Shaffer

Not in my watershed: NYC

The biggest U.S. city wants the state to ban one of the most promising sources of U.S. energy -- and also one of the most contentious.  Full Article 

Green Business
Cannabis sativa plant is seen in Buenos Aires, August 21, 2009. REUTERS/Enrique Marcarian
Bernd Dubusmann:

Obama, drugs, common sense

American attitudes towards drug prohibition – and above all, punitive laws on marijuana – are changing too fast for policymakers and legislators to ignore.  Commentary 

U.S.