FRANKFURT (dpa-AFX Broker) - A buy recommendation for SAP shares pushed the share price on Friday to its highest level since January 2022. At its peak, it was up 1.5 percent to 114.38 euros, and most recently up 0.8 percent to 113.50 euros. In the 2023 stock market year, the premium is just under 18 percent.

The French bank Exane BNP has raised the title from "Neutral" to "Outperform" and increased the price target from 115 to 135 euros. It thus gives the shares almost 20 percent upside potential. Only the investment houses Bryan Garnier and Bernstein are slightly more optimistic, with price targets of 136 and 143 euros, respectively./bek/stk