Salesforce Initiated With a Neutral at DA Davidson
DA Davidson analyst Gil Luria initiated coverage of$Salesforce (CRM.US)$with a Neutral rating and $150 price target. While he believes Salesforce will "continue to grow at impressive rates for this scale," Luria believes the company's FY26 revenue targets are not currently achievable and will need to be revisited, he tells investors.
Oracle Initiated With a Neutral at DA Davidson
DA Davidson analyst Gil Luria initiated coverage of$Oracle (ORCL.US)$with a Neutral rating and $85 price target. The analyst notes that while the company is in the "healthy part" of its product and cloud transition cycle, its three-year revenue targets may prove to be a stretch, especially given the risks from the Cerner integration.
IBM Downgraded to Equal Weight From Overweight at Morgan Stanley
Morgan Stanley analyst Erik Woodring downgraded$IBM Corp (IBM.US)$to Equal Weight from Overweight with a price target of $148, down from $152.