DA Davidson Downgrades Microsoft to Neutral, Announces $475 Price Target
Portfolio Pulse from Benzinga Newsdesk
DA Davidson has downgraded Microsoft from Buy to Neutral, setting a price target of $475.
September 23, 2024 | 12:30 pm
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DA Davidson has downgraded Microsoft from Buy to Neutral, with a new price target of $475. This change in rating could influence investor sentiment and impact Microsoft's stock price in the short term.
The downgrade from Buy to Neutral by DA Davidson suggests a less optimistic view on Microsoft's stock performance. The new price target of $475 indicates a specific valuation expectation, which may lead to a short-term negative impact on the stock price as investors adjust their positions based on this new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100