Citi Downgrades salesforce.com (CRM) to Hold
More News related to CRM
- Matrix USA Rating Changes 10/10
- Salesforce.com Chief Financial Officer to Present at New York Investor Luncheon
- Jefferies Downgrades salesforce.com (CRM) to Underperform
- Morning Movers 10/07: AMD (AMD) Up on New Manufacturing Venture; First Solar (FSLR) Slammed On Downgrade
- Roth Capital Downgrades salesforce.com (CRM) to Hold
More News related to Downgrades
- Canaccord Adams Downgrades Freeport-McMoRan (FCX) to Sell, Slashes Price Target
- Jefferies Downgrades Advanced Medical Optics (EYE) to Underperform
- Susquehanna Downgrades Isle of Capri Casinos (ISLE) to Neutral
- Susquehanna Downgrades Boyd Gaming Corporation (BYD) to Neutral
- Susquehanna Downgrades MGM MIRAGE (MGM) to Neutral
Citi downgrades salesforce.com inc (NYSE: CRM) from Buy to Hold. Price target $80.
Citi analyst says, "We are lowering CRM to Hold from Buy based on valuation. We see upside of ~$10 to our $80 TP vs. downside of $10-15. There could potentially be more weight to downside given cautious macro environment and poor investor sentiment, though we currently see no issues with co. fundamentals. All else equal, we'd consider being more positive in high $50s/low $60s. Ests & TP are unchanged...We do not find the current risk/reward balance compelling enough to justify a Buy rating."
salesforce.com, inc. is a provider of software on demand. The Company provides customer relationship management (CRM) service to businesses of all sizes and industries worldwide.
Related Categories
DowngradesStocks Mentioned
-1.41Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
