In a report published Wednesday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating on Microsoft Corporation MSFT, and raised the price target from $36.00 to $40.00.
In the report, Morgan Stanley noted, “While MSFT sentiment has improved from the trough, we see further room to go with increased focus on strong trends in their Cloud and non-PC businesses, the potential for restructuring to sharpen focus on key assets and better PC data. As such, we raise our price target from $36 to $40.”
Microsoft Corporation closed on Tuesday at $33.67.
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