Bank of America Double-Upgrades Salesforce to Buy, Raises…
By Abdelaziz Fathi
Source excerpt · FinanceFeeds
Bank of America Securities has reversed its bearish stance on Salesforce (NYSE: CRM), upgrading the stock two notches from Underperform to Buy and raising its price target to $285 from $160 after concluding that artificial intelligence is more likely to strengthen the company's enterprise software business than replace it. The October 12 upgrade marks a sharp turnaround from the bank's May assessm…