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Fly News Breaks for February 18, 2020
CRM
Feb 18, 2020 | 07:15 EDT
Cowen analyst J. Derrick Wood said his survey of about 50 Salesforce partners pointed to a strong fourth quarter, adding that his contacts said their pipeline outlooks were also bullish as partners on avg expect a big up-tick in growth in calendar 2020 compared to their 2019 expectations. The analyst, who sees meaningful upside potential, reiterated an Outperform rating on Salesforce shares ahead of the company's Q4 report and raised his price target on the stock to $210 from $195.
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