FRANKFURT (dpa-AFX) - A 'buy' recommendation from Kepler Cheuvreux pushed up the shares of construction software provider Nemetschek on Wednesday. They quickly rose to 98.25 euros at the start of trading; around noon, they were still among the favorites in the MDax, up 3.8 percent to 97.55 euros. This means that they are still wrestling with the short-term downward trend that began in early November. However, they had previously also gained around 155 percent within around two years.

According to Kepler-Cheuvreux analyst Florian Treisch, the construction market remains difficult, but Nemetschek is likely to have reached the upper end of its own business forecasts. The group offers a "rare story of qualitative growth". In addition, there are now signs of improvement in the construction sector and business with the Bluebeam project software should go well. Treisch sees further upside potential in this context and raised the price target from 92 to 115 euros.

SAP shares also benefited from a positive comment from Kepler Cheuvreux. In his recommendation, which was available on Wednesday, analyst Laurent Daure ranks the Walldorf-based company's securities among the top IT and software stocks for 2025. He emphasized that his new buy vote is somewhat shorter-term than usual, as he expects earnings momentum to pick up in the coming quarters. The expert raised the target price from 230 to 275 euros. In midweek trading, SAP shares rose by a good one percent to a new record of around 250 euros./mis/ag/jha/