Salesforce price target lowered to $320 from $335 at Citi

Citi lowered the firm’s price target on Salesforce (CRM) to $320 from $335 and keeps a Neutral rating on the shares ahead of the Q1 report on May 28. The firm’s partner checks continued to suggest mixed signals on Salesforce demand. Even with the weaker U.S. dollar since February likely aiding as-reported results, Salesforce’s revenue growth will remain constrained in the high-single-digits near term, the analyst tells investors in a research note.