Bernstein analyst Mark Moerdler lowered the firm’s price target on Salesforce (CRM) to $221 from $255 and keeps an Underperform rating on the shares. The firm notes Salesforce delivered pretty much an in-line quarter, and a soft guidance that disappointed investors. The stock was down about 5% in the aftermarket. It beat slightly on revenue and issued a light Q3 guide with the top end of the guide just meeting consensus, even as the FX tailwind improved.
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