Salesforce price target raised to $280 from $260 at Raymond James

Raymond James raised the firm’s price target on Salesforce to $280 from $260 and keeps a Strong Buy rating on the shares. The company’s Q2 results came in above the firm’s expectations across metrics and the firm raised both its revenue and profitability guidance, the analyst tells investors. For an asset delivering this execution despite the tough macro, the firm believes shares are “simply too-low priced”