Microsoft gets ‘strong buy’ rating on cloud prospects

By | November 30, 2015

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Microsoft (MSFT) has successfully shifted its business from PC software to cloud computing, Raymond James analyst Michael Turits said in a report Monday. Turits upgraded his rating on Microsoft stock to strong buy from market perform and set a price target of 62. Microsoft was up 1.5% to about 54.75 in afternoon trading on the stock market today. Earlier in the session, Microsoft stock reached 54.96, just below its all-time high of 54.98 on Nov. Scalper1 News

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