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Fly News Breaks for August 30, 2016
CRM
Aug 30, 2016 | 07:16 EDT
Oppenheimer analyst Brian Schwartz remains positive on Salesforce and expects the company to continue showing positive business trends in Q2 and for some time. The analyst believes that a "strong trajectory" is not being fully reflected in the stock given investors' concerns around headwinds to deferred revenue growth from the British pound recently devaluing, and higher acquisition risks. He reiterates an Outperform rating and $95 price target on the shares.