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Fly News Breaks for August 26, 2016
DWRE, CRM
Aug 26, 2016 | 08:50 EDT
Roth Capital analyst Richard Baldry points out that Salesforce (CRM) is expected to report Q2 results on Monday after the market close and says forecasts appear conservative at the top and bottom lines. Baldry expects, therefore, moderate upside to both and notes that he also views the company's acquisition of Demandware (DWRE) as "highly strategic." He reiterates a Buy rating and $103 price target on Salesforce's shares.
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