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Technology Stocks : Microsoft Corp. - Moderated (MSFT)
MSFT 214.32+0.7%Jul 9 4:00 PM EDT

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From: Don Green12/12/2019 4:10:37 PM
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Microsoft target raised on healthy IT spending


Dec. 12, 2019 By: Brandy Betz,
Cowen maintains an Outperform rating on Microsoft (NASDAQ: MSFT) and raises the target by $10 to $165. MSFT has a Very Bullish average Sell Side rating.

The firm says that an IT spending survey "suggests a healthy ‘20 outlook, which bodes well for MSFT given its leadership position in key secular growth markets."

More than 60% of survey respondents called Microsoft "the most strategic vendor for digital transformation projects."
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