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Salesforce price target lowered to $309 from $311 at Stephens

Stephens analyst Brett Huff lowered the firm’s price target on Salesforce (CRM) to $309 from $311 and keeps an Equal Weight rating on the shares. While the firm remains Equal Weight, it thinks Salesforce “put up a better quarter than the negative reaction early Thursday morning” and is “encouraged” by what it thinks are new emphases on integrating Informatica (INFA) feature/function into the product quickly and customer success/ROI via “forward-deployed” engineers.

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