BNP Paribas Initiates salesforce.com With Neutral

BNP Paribas initiated coverage on salesforce.com, inc. (NYSE: CRM) with a Neutral rating.

The target price for salesforce.com is set to $81.

salesforce.com shares have gained 27.08 percent over the past 52 weeks, while the S&P 500 index has surged 7.12 percent in the same period.

salesforce.com shares climbed 1.18 percent to close at $73.42 yesterday.