AllThingsD » belt-tightening http://allthingsd.com Sat, 11 Feb 2012 03:23:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 SAP: Merrill Upgrades; Sees Cost-Cutting Story http://allthingsd.com/20090113/sap-merrill-upgrades-sees-cost-cutting-story/ http://allthingsd.com/20090113/sap-merrill-upgrades-sees-cost-cutting-story/#comments Tue, 13 Jan 2009 16:04:08 +0000 Eric Savitz http://voices.allthingsd.com/?p=7568 Nothing warns the heart of the Street more than a nice cost-cutting story.

Merrill Lynch analyst Raimo Lenschow this morning raised his rating on the German enterprise software giant SAP (SAP) to Buy from Neutral, upping his price target to $43.80 from $38.30, “predicated on the 2009 cost-saving story,” which he says the market isn’t getting. To reflect the increased belt-tightening, he upped his EPS estimates for the company to 2.11 Euros a share from 1.91 for 2009; for 2010, he goes to 2.31 Euros, from 2.21.

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