Analyst updates Microsoft stock price target

Overnight Microsoft (NASDAQ: MSFT) received a rather uncommon price target: not applicable. Specifically, KeyBanc’s Jackson Ader removed the technology giant’s previous target of $575 due to heightened sector and overall uncertainty.Furthermore, Ader downgraded MSFT stock’s rating from ‘overweight’ – ‘buy’ – to ‘sector weight’ – ‘neutral’ – explaining that the ongoing economic situation is reducing flexibility while increasing pressures on the technology giant’s margins.Microsoft has been generously spendin ...