Davenport Upgrades Microsoft (MSFT) to Buy, Sets $40 Target

Article Stock Quotes (1) Comments (0)

Davenport upgraded shares of Microsoft (NASDAQ: MSFT) from Neutral to Buy Friday morning following Thursday afternoon's third-quarter earnings report. The firm set a new $40 price target.

Microsoft shares are up more than 5 percent this morning. With the stock last trading around $32.69, Davenport's new price target implies potential upside of about 22 percent.

For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Like Microsoft (MSFT) Xbox 360 Games? Don't Buy an Xbox One...
• XBox One and PS4 Could Add $9B in Revenue for AMD (AMD) - Jefferies
• 21Vianet Announces the Public Preview of Microsoft Windows Azure Services in China

Create E-mail Alert Related Categories

Upgrades

Related Entities

Davenport, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?