Roth Capital analyst Richard Baldry raised his price target for Salesforce (CRM) to $103 from $93 following the company's announcement that it has agreed to acquire Demandware (DWRE). The analyst sees the deal as "highly strategic," adding a large new market to Salesforce's addressable markets and demonstrating the value of its scaling internal cash generation. Baldry reiterates a Buy rating on Salesforce's shares.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here