Morgan Stanley Downgrades Salesforce to Equal-Weight, Raises Price Target to $278
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss has downgraded Salesforce (NYSE:CRM) from Overweight to Equal-Weight, while raising the price target from $251 to $278.
July 31, 2023 | 2:06 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Salesforce has been downgraded by Morgan Stanley from Overweight to Equal-Weight, but the price target has been raised from $251 to $278.
The downgrade from Overweight to Equal-Weight suggests that Morgan Stanley sees less upside potential for Salesforce's stock. However, the raised price target indicates an expectation of some growth, which could balance out the impact of the downgrade. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100