Analyst Says a SAP/Sybase (SY) Deal "Makes Sense"
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Price: $2.80 -0.36%
Rating Summary:
9 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 9 | New: 40
Rating Summary:
9 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 9 | New: 40
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Commenting to StreetInsider.com, Caris & Company analyst Curtis Shauger said a deal between Sybase (NYSE: SY) and SAP (NYSE: SAP) "makes sense".
Curtis Shauger noted that the space is consolidating, the two are already in a wireless partnership, and SAP is struggling to grow in its core business.
Shauger rates the stock a Buy with a $56 price target, but his target is based on the company remaining as a stand-alone company.
Shares of Sybase have rocketed 40% to $58 per share on rumors of a $6 billion bid from SAP.
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Curtis Shauger noted that the space is consolidating, the two are already in a wireless partnership, and SAP is struggling to grow in its core business.
Shauger rates the stock a Buy with a $56 price target, but his target is based on the company remaining as a stand-alone company.
Shares of Sybase have rocketed 40% to $58 per share on rumors of a $6 billion bid from SAP.
Market Moving News and Intelligence - Free Trial
http://www.streetinsider.com/premium_content.php
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