salesforce.com (CRM) PT Raised to $127 at Morgan Stanley Following Dreamforce User Conference & Analyst Day; 'Feeling Good on Growth'

Morgan Stanley raised its price target on salesforce.com (NYSE: CRM) to $127.00 (from $107.00) while maintaining a Overweight rating, following the company's Dreamforce User Conference and analyst day.

Analyst Keith Weiss notes a positive outlook on the shares, following the company's Dreamforce User Conference and Analyst Day, that provided increased conviction from management citing strong traction in large vertical transformation deals.

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