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Fly News Breaks for February 26, 2020
CRM
Feb 26, 2020 | 08:34 EDT
Deutsche Bank analyst Karl Keirstead raised the firm's price target on Salesforce to $195 from $185 and keeps a Buy rating on the shares. Salesforce posted "across-the-board solid numbers" last night and announced a "small-ish" acquisition of partner Vlocity that looks like a "home-run deal," Keirstead tells investors in a research note. However, the post-print discussion will be all about the surprise departure of the CEO Keith Block to his "next chapter" after just 18 months in the role, adds the analyst. He concludes that Salesforce shares "will likely absorb this news and continue to work."