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UPDATE: Brean Capital Starts salesforce.com (CRM) at Buy

January 12, 2016 4:46 PM EST
Get Alerts CRM Hot Sheet
Price: $300.66 -0.24%

Rating Summary:
    45 Buy, 19 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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(Updated - January 13, 2016 9:04 AM EST)

Brean Capital initiated coverage on salesforce.com (NYSE: CRM) with a Buy rating and a price target of $100.00.

Analyst Yun Kim commented: "We are initiating coverage of salesforce.com with a BUY rating and $100 TP. In our view, salesforce.com has now replaced SAP and ORCL as the de facto standard in enterprise business applications, which positions the company for the next stage of growth. As the company begins to gain traction as the enterprise business application standard in large organizations, we expect its large deal activity to show accelerated growth, driving incremental growth for the company. We believe its shares are likely to command higher multiples as it continues to execute on its growth strategy."

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.

Shares of salesforce.com closed at $73.18 yesterday.



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