This morning, Canaccord Genuity increased its price target on shares of Salesforce.com (NYSE:CRM) from $51 up to $54 following strong earnings from the company last night. In the report, Canaccord increased its 2014 EPS estimates and reiterated its buy rating. Shares of CRM were higher by more than 11% on Friday.
And FBR upgraded shares of Splunk (NASDAQ:SPLK) from market perform to outperform as the sales growth has been encouraging. With the upgrade, FBR set a $61 price target. Shares of Splunk were higher by more than 9% on the news.
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