Salesforce Stock Is Downgraded. The Analyst Was Bullish for a Decade.

Wolfe Research has given up its positive view of Salesforce stock shares in response to the company’s latest earnings results.

Earlier this week,


Salesforce


(ticker:


CRM


) gave a disappointing financial outlook when it reported its numbers for its fiscal third quarter. The sales and marketing cloud-software company also said its co-CEO, Bret Taylor, is stepping down effective at the end of January. Co-CEO Marc Benioff will become the sole chief.