Goldman Sachs Upgrades salesforce.com (CRM) to Neutral

November 9, 2009 8:28 AM EST

Goldman Sachs upgrades salesforce.com, Inc. (NYSE: CRM) from Sell to Neutral, citing an expected solid Q3 and positive Dreamforce user conference Nov. 17-20.

The firm commented, "We are positive on the salesforce.com franchise in an improving environment. The secular shift to SaaS, combined with a broadening of salesforce’s product base should drive accelerating bookings growth"


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