Why Salesforce Stock Was Down Earlier This Morning
Shares of Salesforce (NYSE: CRM) were down 3.5% as of 10:16 a.m. ET on Thursday after one Wall Street analyst downgraded the stock from buy to neutral.
Monness, Crespi, Hardt analyst Brian White believes the recent rally in the broader market is a good opportunity to move to the sidelines on the shares, as the company still faces headwinds in this downturn.
From a long-term perspective, the stock could offer tremendous value right now after already falling 41% year to date.
Source Fool.com
