In a report published Wednesday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on Microsoft Corporation MSFT, but removed the $51.00 price target.
In the report, Morgan Stanley noted, “Microsoft's announced 11% dividend increase was ahead of op. income growth, but likely falls short of expectations for a more aggressive change in capital return. However, this drives little change in our equation for ~13% total return for MSFT from FY15-FY17, modestly above S&P levels.”
Microsoft Corporation closed on Tuesday at $46.76.
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