Argus Downgrades salesforce.com (CRM) to Hold on Valuation

Argus downgraded salesforce.com (NYSE: CRM) from Buy to Hold on valuation as shares near their $71 price target.

The firm is lowering FY16 non-GAAP EPS estimate to $0.71 from $0.73 and setting an FY17 forecast of $0.89.

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.

Shares of salesforce.com closed at $69.38 yesterday.

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