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Salesforce price target lowered to $175 from $195 at Cowen
The Fly

Salesforce price target lowered to $175 from $195 at Cowen

Cowen analyst J. Derrick Wood lowered the firm’s price target on Salesforce to $175 from $195 and keeps an Outperform rating on the shares. The analyst noted the restructuring announcement and thinks this reinforces investor concerns of weakening demand and so he lowered his growth outlook for next year. At the same time, this is a sign that management is making margin expansion a top priority.

Published first on TheFly

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