Salesforce.com Inc. (NYSE:CRM): Morgan Stanley believes Salesforce.com’s focus on sales and support, as well as its marketing apps, which allow clients to build new apps of their own, all help position the company for a $100 billion opportunity; the firm views Salesforce.com as one of the best secular stores in the group and reiterates its Overweight rating.
Fusion-io Inc. (NYSE:FIO): Fusion-io can rebound strongly in 2014, says Pacific Crest. Pacific Crest believes that the changes being made by Fusion-io’s new CEO can turn the company from “zero to hero” in 2014; the firm continues to believe that the company has differentiated technology and keeps an Outperform rating on the stock.
Citigroup Inc. (NYSE:C): Bank of America Merrill Lynch said Citigroup’s emerging market credit concerns are overdone and has provided a buying opportunity in shares; the analyst believes shares will re-rate over the next few quarters, when there is no emerging credit quality issues; Citigroup shares are Buy rated and carry a $58 price target.
Garmin Ltd. (NASDAQ:GRMN): Bank of America Merrill Lynch downgraded Garmin to Neutral from Buy; the firm downgraded shares due to valuation and lack of near-term catalysts and raised its price target for Garmin stock to $51 from $46.
Don’t Miss: Wall Street: Whose Bonuses Will Be Bigger?