Wednesday January 12, 4:58 am Eastern Time
RESEARCH ALERT-Warburg picks Cap Gemini, others
LONDON, Jan 12 (Reuters) - Warburg Dillon Read on Wednesday named a list of eight European software and IT service
stocks as its core picks in the sector for the year ahead, upgraded price targets throughout the sector and raised recommendations
on a number of selected stocks.
Joining last year's core picks Logica Plc (quote from Yahoo! UK & Ireland: LOG.L) and Sage Group Plc (quote from Yahoo! UK & Ireland: SGE.L) were SAP (quote from
Yahoo! UK & Ireland: SAPG.F), Cap Gemini , Dassault Systemes , Kewill Plc (quote from Yahoo! UK & Ireland: KWL.L), OM Group and LHS Group (quote from
Yahoo! UK & Ireland: LHSG.F) (NasdaqNM:LHSG - news).
Warburg rated SAP ``strong buy'' and set a price target of 750 euros on the stock, raised Cap Gemini to ``strong buy'' from ``buy'' with a target of 270 euros, rated
Sage a ``buy'' with an increased target of 750p and held a ``strong buy'' view on Logica with an 1,800p objective.
Dassault was rated ``buy'' with an increased target of 60 euros, Kewill was seen as ``strong buy'' with a raised target of 1,900 pence, OM was raised to ``strong
buy'' from ``buy'' with a target of 31 euros and LHS was rated ``strong buy'' with an objective of 50 euros.
Warburg also raised CMG Group Plc (quote from Yahoo! UK & Ireland: CMG.L) and WM-Data to ``strong buy'' from ``buy.''
Further detail was not immediately available.
For research reports, go to Reuters Broker Research on Reuters Web at rbr.session.rservices.com.
