Keybanc Initiates Coverage On Salesforce with Sector Weight Rating
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jason Ader initiates coverage on Salesforce (NYSE:CRM) with a Sector Weight rating, indicating a neutral outlook on the company's stock.

March 21, 2024 | 9:04 am
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NEUTRAL IMPACT
Salesforce receives a Sector Weight rating from Keybanc, suggesting a neutral short-term outlook on its stock.
The initiation of coverage by Keybanc with a Sector Weight rating suggests that the analyst sees Salesforce's stock performance aligning closely with the sector average in the short term. This neutral stance likely won't lead to significant short-term price movements unless further developments occur.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90