Salesforce Inc.
(NYSE:CRM) stock fell Thursday after KeyBanc downgraded the cloud software company, citing weak business trends and limited signs of near-term growth.
KeyBanc Sees Limited Signs Of Recovery KeyBanc analyst Jackson Ader downgraded Salesforce to Sector Weight from Overweight.
The analyst said recent financial results and customer feedback do not point to a meaningful recovery.
Ader wrote that, aside from Salesforce's valuation, there is little evidence to support the stock as an attractive buying opportunity, saying it is "difficult to find evidence" of meaningful future upside.
