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FBR Capital Remains Bullish on Microsoft (MSFT) Ahead of Windows 10 Event

October 5, 2015 7:37 AM EDT

FBR Capital reiterated an Outperform rating and $53.00 price target on Microsoft (NASDAQ: MSFT) ahead of the company's Windows 10 hardware launch event in NYC. While new device launches will be key at the event, analyst Daniel Ives also expects Microsoft to give an update on progress of Windows 10 adoption and its overall cloud vision, which is at the epicenter of its longterm growth strategy.

Ives... More