Alpha Diallo
0
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

Salesforce.com upgraded to buy on valuation basis by Deutsche Bank

 (Image source: mobileday.com)

Shares of the enterprise cloud computing provider salesforce.com, inc. (NYSE:CRM) were upgraded from hold to buy by Deutsche Bank. Valuation and better management were cited as reasons for the upgrade. For example, according to Deutsche the stock is down 20 percent from its previous highs. For the past three months, the stock is down nearly 14 percent. The selling off that is occurring make it an attractive entry point. The price target was set at $65 a share, suggesting an upside of 23 percent.