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Fly News Breaks for July 29, 2019
DATA, CRM
Jul 29, 2019 | 08:57 EDT
Cowen analyst J. Derrick Wood noted Salesforce (CRM) shares have sold off since its deal with Tableau (DATA) was announced but he believes it is financially and strategically positive. The analyst said channel checks had him cautious for Q1, but since they have played out he thinks the stock is poised to springboard over the next 6-9 months. Wood reiterated his Outperform rating and $185 price target on Salesforce shares.
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