Rosenblatt Starts salesforce.com (CRM) at Buy
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Rosenblatt initiates coverage on salesforce.com (NYSE: CRM) with a Buy rating and a price target of $90.00.
Analyst Marshall Senk commented, "We view CRM as the premier name in the cloud applications space, leading the market strategically and technically while delivering both the strongest and most consistent results. The combination of the company’s cloud platform coupled with industry leading SaaS customer focused applications drives our confidence in management’s ability to execute. Frankly, this customer base is the happiest we have encountered across our coverage universe."
Shares of salesforce.com closed at $72.83 yesterday.
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