Wells Fargo Maintains Overweight on Microsoft, Raises Price Target to $460
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an Overweight rating on Microsoft (NASDAQ:MSFT) and increased the price target from $435 to $460, indicating a positive outlook on the company's stock.
January 31, 2024 | 12:36 pm
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Wells Fargo analyst Michael Turrin reaffirmed an Overweight rating on Microsoft and raised the price target to $460, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, which can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
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