Why Salesforce Stock Slumped Today
For the most part, stocks did well on a generally bullish Thursday for the market, but we can't say the same for Salesforce's (NYSE: CRM) equity. The customer relationship management (CRM) specialist took a more than 2% hit to its price after an analyst lowered his fair value assessment.
That morning, UBS pundit Karl Keirstead reduced his Salesforce price target from $200 per share to $185. In doing so, he maintained his neutral recommendation.
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Source Fool.com
