Morgan Stanley Sees salesforce.com as Well Positioned for FCF Growth Heading into CY15

In a report published Thursday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $80.00 price target on

. In the report, Morgan Stanley noted, “The 28% YoY normalized cc billings growth and ~250 bps of YoY operating margin expansion seen in Q3 point the way toward sustainable 30%+ FCF growth. With results reflecting strong positioning for key secular growth trends in cloud and mobile, CRM remains a Best Idea heading into CY15.” salesforce.com closed on Wednesday at $61.02.