salesforce (CRM) Unlikely to Bid for Twitter (TWTR) - Cowen
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Wood commented, "While Benioff did not give a yes or no response around TWTR acq, we come away thinking a deal is not likely to happen. Though not entirely put to rest, we think as investors return focus back to fundamentals, stock is poised to regain losses since initial speculation was spread at ~$79. We remain confident that upside momentum in its core biz will return in 3Q and are buyers of the stock."
Shares of salesforce.com closed at $68.42 yesterday.
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