Salesforce.com (CRM) Stock Downgraded
An analyst on Friday downgraded Salesforce.com, which hosts Web sites that manage customer information for businesses, saying that the company will see stronger competition in the long-term.
Friedman, Billings, Ramsey & Co. analyst David M. Hilal downgraded the shares to "Underperform" from "Market Perform," acknowledging that the San Francisco-based company saw a strong second-quarter, but said strong subscriber growth seen in the quarter is not sustainable.
Source: AP
Friedman, Billings, Ramsey & Co. analyst David M. Hilal downgraded the shares to "Underperform" from "Market Perform," acknowledging that the San Francisco-based company saw a strong second-quarter, but said strong subscriber growth seen in the quarter is not sustainable.
Source: AP
posted by Stock Administrator @ 11:31 AM
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