MARKET TALK: WestLB Upgrades Sage To Buy From Add

7th Jul 2010 09:16

0816 GMT [Dow Jones] WestLB upgrades Sage Group (SGE.LN) to buy from add, "to reflect greater mathematical upside but also to highlight the fact that we believe this company to be defensive and cheap." Notes cash flow has been excellent, with a free cash flow yield of nearly 10%. Says with a change of CEO on the way, the future could evolve in a number of ways, one of which is that Sage could very easily attract speculative interest. "This is the kind of share to buy in a weak stock market." Has 280p price target. Shares -0.4% at 227p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 07, 2010 04:16 ET (08:16 GMT)