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Salesforce: Jefferies raises target price

( - On Monday, an analyst at Jefferies confirms his "buy" rating on the Salesforce stock, liking the outlook ahead of the US group, and therefore raising his corresponding target price.

"We expect CRM to provide an update to its LT targets at Dreamforce and expect mgmt to balance revenue growth and margin improvement," the analyst says.

Jefferies has therefore increased its target price for the share from 171 dollars to 195 dollars.

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