Bryan, Garnier & Co's News

Software AG French Flair at work

BUY, FV EUR40
News published on
May Tuesday 10, 2016


We are reiterating our Buy rating and DCF-derived Fair Value of EUR40. We estimate that the positive momentum generated over the past 18 months by the new Chief Customer Officer, Eric Duffaut, is gradually changing Software AG's status from a value stock to a growth stock, with the target of delivering a margin of 32-35% in 2020.   

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