JP Morgan Downgrades Microsoft To Neutral

Analysts at JP Morgan downgraded

from Overweight to Neutral. The price target for Microsoft has been lowered from $53 to $47. Microsoft shares have surged 29.61% over the past 52 weeks, while the S&P 500 index has gained 14.76% in the same period. Microsoft's shares fell 6.45% to $43.98 in pre-market trading.