Merrill Lynch Upgrades Microsoft (MSFT) to Buy; $30 PT

September 30, 2008 1:53 PM EDT Send to a Friend
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Price: $34.61 --0%

Rating Summary:
    23 Buy, 20 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 14 | New: 28
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Merrill Lynch upgrades Microsoft (Nasdaq: MSFT) from Neutral to Buy intraday. The firm set a $30 price target on the stock.

Shares of Microsoft have responded the upgrade: after trading around $25.70 for most of the day, the stock spiked and is now trading around $26.20. Microsoft stock is currently up 4.7% from yesterday's close.

Microsoft Corporation provides software products for computing devices worldwide.

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