Argus Downgrades salesforce.com (CRM) to Hold on Valuation
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Price: $171.22 +4.84%
Rating Summary:
49 Buy, 20 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
Rating Summary:
49 Buy, 20 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
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Argus downgraded salesforce.com (NYSE: CRM) from Buy to Hold on valuation as shares near their $71 price target.
The firm is lowering FY16 non-GAAP EPS estimate to $0.71 from $0.73 and setting an FY17 forecast of $0.89.
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 $69.38 yesterday.
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