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Fly News Breaks for April 30, 2015
CRM
Apr 30, 2015 | 07:49 EDT
UBS noted the report that Salesforce.com had hired advisers after receiving potential buyout interest but the firm believes a sale of the company is unlikely. UBS noted that Salesforce's market cap would allow only a few companies to be able to afford an acquisition. UBS also believes the company has the best business model in software, so it sees no reason for it to sell. UBS reiterated its Buy rating and $80 price target on Salesforce.com shares.
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