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Wednesday’s movers: Microsoft gains on upgrade | |
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| Time: 11:12 EST/16:12 GMT | News Source: Market Wire | Posted By: Byron Hinson | ||
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Shares of Microsoft MSFT +1.87% gained 1.6%. The stock was upgraded to overweight from equal weight at Morgan Stanley on Wednesday. “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,” Keith Weiss at Morgan Stanley wrote in a note. Weiss also raised Microsoft’s price target to $40 from $36. | ||
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