The Fly

Salesforce price target lowered to $180 from $215 at Canaccord

Canaccord analyst David Hynes lowered the firm’s price target on Salesforce to $180 from $215 and keeps a Buy rating on the shares. The analyst said its earnings report felt about as mediocre-as-feared with the double-kicker that presumed CEO-successor Bret Taylor will be stepping down to get back to his entrepreneurial roots.

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