Veeva price target raised to $245 from $220 at Evercore ISI

Evercore ISI raised the firm’s price target on Veeva (VEEV) to $245 from $220 and keeps an In Line rating on the shares. While the firm sees “no major surprises” in the earnings report given the company already pre-announced at its analyst meeting in November, it argues that the question continues to be how the stock will handle any potential commercial losses to Salesforce (CRM) over the next year.