Second wind for stocks as earnings turn positive
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Oppenheimer Raises Price Target on Microsoft (MSFT) to $65 Following 1Q Beat
October 24, 2016 9:43 AM EDTOppenheimer reiterated an Outperform rating on Microsoft (NASDAQ: MSFT), and raised the price target to $65.00 (from $62.00), following the company's 1Q earnings report. Revenue of $22.3B beat estimates by 360bps. The revenue beat was driven by strength in all three business segments. Gross/operating margins came in... More
