Microsoft Moves Up on Analyst Upgrade and 2 Other Hot Stocks to Watch
Microsoft Corp. (NASDAQ:MSFT): Current price $34.84
Shares of Microsoft are up around 1.45 percent following an upgrade at Jefferies from Hold to Buy. Analyst Ross MacMillan wrote that the company has several positive catalysts, such as benefitting from the changeover to the cloud by consumers, small and medium businesses, and larger firms. Further, the Windows operating system could get tailwind from advances in Intel’s chips, while Microsoft’s new operating structure more effectively highlights its key assets. The price target was moved from $33 to $42, as well.