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Fly News Breaks for August 8, 2018
CRM
Aug 8, 2018 | 05:10 EDT
After the company promoted Keith Block to co-CEO from his current role as COO, Jefferies analyst John DiFucci says he does not believe that co-CEO Marc Benioff is going anywhere soon. However, Salesforce is well positioned if he decided to do so, DiFucci tells investors in a research note. He views the news as a "much deserved promotion" for Block and keeps a Buy rating on the shares with a $155 price target.