Piper Jaffray Maintains Overweight on salesforce.com

Piper Jaffray is out with its report today on salesforce.com CRM, maintaining Overweight. In its report, Piper Jaffray writes, "While we have carried a more cautious stance heading into the July/August earnings reports, we see three reasons to buy CRM shares opportunistically: 1) our survey still shows partners are exceeding plan; 2) DreamForce is a catalyst only 14 days from now, with over 30,000 attendees expected; and 3) we see potential for large Government contracts related to the Cloud First initiative." At the time of posting, shares of CRM were trading pre-market at $136.00, down 1.00% from Monday's close.