In a report published Wednesday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating on salesforce.com CRM, but removed the $79.00 price target.
In the report, Morgan Stanley noted, “Solid progress extending the ET platform, increasing integration with core SFDC and heavy sales investment should bolster investor confidence in the durability of growth. As CRM proves out sustainable mid-20's growth AND margin expansion in 2H15, we see investors coming back to this secular winner.”
salesforce.com closed on Tuesday at $56.81.
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