Morgan Stanley Foresees Possible Slump at Salesforce.com

Morgan Stanley has published a research report on Salesforce.com CRM. In the report, Morgan Stanley wrote, "CRM's strong Q2 results, highlighted by billings +37% YoY and 6% ahead of cons., underscores how strong the secular demand story is here despite a weakening economy." Morgan Stanley rated Salesforce.com an Overweight with a price target of $200.00. Salesforce.com closed Thursday at $114.06.