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Fly News Breaks for August 21, 2015
CRM
Aug 21, 2015 | 07:16 EDT
Brean Capital said Salesforce reported strong Q2 results with good guidance and views yesterday's market selloff as a rare opportunity to buy the shares ahead of the release of Dreamforce. The firm sees other catalysts including Marketing Cloud product launches, ongoing adoption of Wave Analytics, improving profitability, and compressed valuation. Brean Capital reiterated its Buy rating and raised its price target to $86 from $85 on Salesforce shares.
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