Salesforce.com checks suggest strong start to year, says Stephens Stephens said its checks suggest Salesforce.com has had a strong start to its fiscal year and the firm expects the company's results to beat consensus expectations next week. However, Stephens lowered its price target on Salesforce to $65 from $75 citing multiple compression in the cloud space. Stephens maintains its Overweight rating on the stock.
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Coca-Cola Enterprises may diversify into IT applications, WSJ says Coca-Cola Enterprises (CCE) is planning on selling information products that it has developed for its internal use, says the Wall Street Journal. Coca-Cola Enterprises is developing an application on a Salesforce.com (CRM) platform that it may begin selling this year or next, added the Wall Street Journal. Reference Link