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

April 20, 2012 11:04 AM EDT
Get Alerts MSFT Hot Sheet
Price: $495.40 -0.3%

Rating Summary:
    58 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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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.


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