Street Fades Raymond James Upgrade Of Microsoft At The Open

Microsoft

shares are trading higher by $0.25 at $54.18 in Monday's session. An upgrade by Raymond James from Market Perform and price target of a $62 had the issue flirting with the $55 level off the open, reaching $54.82. That level coinicdes with the quad of highs from November 4-9 ($54.70 to $54.98), that capped the rally off the company's Q3 beat. Since making that high it is attempting to find support at the upper range of Friday's session, briefly touching and rebounding to its current level.

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