BMO Capital raised the firm’s price target on Salesforce to $255 from $245 and keeps an Outperform rating on the shares. The company’s price increases announced yesterday can help growth amidst a lot of internal restructuring at Salesforce while also generating margin leverage, the analyst tells investors in a research note. The firm also remains positive on the stock longer term, noting that the scale of Salesforce provides brand, sales, and cost advantages versus other SaaS vendors.
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Read More on CRM:
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