salesforce.com (CRM) PT Raised to $146 at RBC Capital
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Price: $150.12 -1.09%
Rating Summary:
51 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
51 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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RBC Capital raised its price target on salesforce.com (NYSE: CRM) to $146.00 (from $130.00) while maintaining an Outperform rating.
Analyst Ross MacMillan raises estimates to reflect the impact from MULE and new accounting standards.
Meanwhile, underlying growth was raised for FY19 and despite a lowering of CFFO growth guidance for FY19, and they see the path to re-acceleration of cash flow growth in FY20 and beyond.
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