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Paying today's premium multiple for Microsoft (MSFT) is 'worth the price' - KeyBanc

March 21, 2024 9:25 AM EDT

In a note Thursday, KeyBanc Capital Markets initiated Microsoft (NASDAQ: MSFT) with an Overweight rating and a $490 per share price target.

The firm launched coverage of the enterprise and front-office software sector. It said it likes large-cap and early AI leaders and sees smaller caps as a bit out of favor.

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