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Fly News Breaks for August 21, 2015
CRM
Aug 21, 2015 | 06:04 EDT
Jefferies calls Salesforce's results a "respectable quarter by most metrics" with new subscription annual contract value rising 12%. The firm, however, still questions the expenditures the company makes in order to achieve "decent growth." It raised its price target for shares to $51 from $49 and keeps an Underperform rating on Salesforce.