Add as a preferred source on GoogleSalesforce Shares Gain 4.57% on Oct. 15; Company Announces U.K. Tax Deal
The agreement with HM Revenue & Customs covers services for more than 39 million citizens and businesses. Bank of America upgraded Salesforce to Buy from Underperform on Oct. 12.
Salesforce shares closed at $246.74 on Thursday, Oct. 15, after rising 4.57% during the session. The company announced a U.K. tax-services agreement that same day, which could be worth up to £2 billion over 15 years.
The agreement with HM Revenue & Customs (HMRC), the U.K. tax authority, covers services for more than 39 million citizens and businesses. Its potential value spans the full 15-year term.
Salesforce shares reached $247.18 during the Oct. 15 session before closing at $246.74. Bank of America had upgraded Salesforce from Underperform to Buy on Oct. 12 and raised its price target to $285 from $160. The Oct. 12 upgrade preceded the agreement announcement by three days.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.