Salesforce price target lowered to $365 from $380 at JPMorgan

JPMorgan lowered the firm’s price target on Salesforce (CRM) to $365 from $380 and keeps an Overweight rating on the shares. The company’s Q2 report reflects consistent execution and management’s forward commentary indicate the business is moving in the right direction, the analyst tells investors in a research note. The firm believes concerns relating to the potential impact of artificial intelligence on seat-based software-as-a-service models are overdone.