Citi Upgrading salesforce.com

Citi Investment Research is out with a research report on salesforce.com CRM and it is raising its price target to $122 from $158, and is upgrading shares from Buy to Neutral. In a note to clients, Citi Investment Research writes, "Our change in opinion is based on increasing confidence in long-term profitability potential and also opportunity in “call option” markets." Shares of CRM gained $2.06 on Friday to close at $129.87.