CRM is trading at $163.75 (+4.52%) after Guggenheim upgraded the stock to Buy from Neutral and set a $228 price target.

  • The upgrade serves as a clear catalyst for the stock, helping to offset a previous downgrade from Phillip Securities.
  • The gains are company-specific, as the broader markets are currently softer with the S&P 500, Nasdaq, and Dow all down more than 0.5%.