Microsoft: Color On Quarter (95.01)
* BMO stays at Outperform, raises PT to $107 from $100. The firm believes that MSFT remains a core long-term hol* ding for many different investment styles
* Stifel maintains Buy rating, up PT to $105 from $92. Overall, the firm is pleased to see continued, solid execution and believe Microsoft is well-positioned across major secular themes. This, coupled with a favorable IT/macro environment and expense discipline, should enable Microsoft to deliver accelerating operating profit and FCF generation in coming quarters.
MSFT is currently trading slightly lower around the 94.22 level this morning, after initially dropping as low as 92 yesterday afternoon.