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Microsoft (MSFT) PT Raised to $118 at Nomura/Instinet on 4Q18 Report; 'Strong Underlying Trends Likely to Continue'

July 20, 2018 6:12 AM EDT

Nomura/Instinet raised its price target on Microsoft (NASDAQ: MSFT) to $118.00 (from $108.00) while maintaining a Buy rating, following the company's second quarter earnings report.

Analyst Christopher Eberle notes a positive outlook on the shares, as MSFT delivered 2018 fourth quarter earnings per share and revenues... More