Microsoft and Dell extend the power of hybrid cloud with new offerings
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FBR Capital Raises Price Target on Microsoft (MSFT) Following 1Q16
October 23, 2015 7:10 AM EDTFBR Capital reiterated an Outperform rating on Microsoft (NASDAQ: MSFT), and raised the price target to $60.00 (from $53.00), following the company's 1Q16 earnings results. Total revenue of $21.7 billion came in above the Street's estimate of $20.7 billion, as the company posted stronger-thanexpected results in Office 365, Dynamics CRM Online, and computer gaming and hardware.
Analyst Daniel Ives commented, "Last night,... More
