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Fly News Breaks for June 2, 2016
DWRE, CRM
Jun 2, 2016 | 08:24 EDT
Roth Capital analyst Richard Baldry raised his price target for Salesforce (CRM) to $103 from $93 following the company's announcement that it has agreed to acquire Demandware (DWRE). The analyst sees the deal as "highly strategic," adding a large new market to Salesforce's addressable markets and demonstrating the value of its scaling internal cash generation. Baldry reiterates a Buy rating on Salesforce's shares.
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