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Stifel raises its Microsoft price target ahead of Q2 results

Published 01/23/2018, 08:25 AM
Updated 01/23/2018, 08:30 AM
© Reuters.  Stifel raises its Microsoft price target ahead of Q2 results
  • Stifel raises its Microsoft (NASDAQ:MSFT) price target by $2 to $92 ahead of Q2 earnings reporting on January 31.
  • The firm sees secular tailwinds remaining though tough comps within PBP, IC, and MPC could limit material upside to Q2 EPS and revenue estimates and guidance.
  • Overall, Stifel expects accelerating operating profit and FCF generation in coming quarters thanks to cloud revenue, gross margin growth, operating expense discipline, and moderating capital expenditure growth.
  • Source: Briefing.com
  • Microsoft shares are up 0.3% premarket.
  • Now read: Microsoft Beat Its Dot-Com Market Cap This Year, And Cloud Computing Means More Growth Is Coming


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