BofA analyst Brad Sills lowered the firm’s price target on Salesforce (CRM) to $400 from $440 and keeps a Buy rating on the shares. Salesforce delivered “solid overall Q4 results,” though there were “some puts and takes,” the analyst tells investors. The firm has no change to its view that Salesforce is “emerging as the next quality GARP stock with durable low double digit revenue growth” and that Salesforce remains on track for healthy topline reacceleration, though it lowered its estimates to align with guidance, the analyst added.
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