Microsoft: Jefferies upgrades stock
(CercleFinance.com) - Jefferies has upgraded its rating on the Microsoft share directly from "underperform" to "buy," while boosting its target price from 93 dollars to 160 dollars, as part of a sector report in which it is "adjusting some of our ratings to be more defensive".
"We see a large diversified business with excellent visibility that has a clear horizon of double-digit revenue growth for the foreseeable future," the broker confirms regarding the IT giant.
Jefferies also likes Microsoft for other reasons, such as its multiple growth drivers (Azure, Office, LinkedIn), its support by favourable secular dynamics and its continued return of capital to shareholders.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We see a large diversified business with excellent visibility that has a clear horizon of double-digit revenue growth for the foreseeable future," the broker confirms regarding the IT giant.
Jefferies also likes Microsoft for other reasons, such as its multiple growth drivers (Azure, Office, LinkedIn), its support by favourable secular dynamics and its continued return of capital to shareholders.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.