Bernstein Research Reiterates Underperform on salesforce.com on Expected Slow Growth
August 28, 2013 at 11:00 AM EDT
In a report published Wednesday, Bernstein Research analyst Mark L. Moerdler reiterated an Underperform rating and $29.00 price target on salesforce.com (NYSE: CRM ). In the report, Bernstein Research noted, “Salesforce.com's stock prices-in sustained strong growth and significant margin expansion. We believe these expectations are too optimistic. We see growth