Microsoft Corporation Overweight Rating Reaffirmed At Pacific Crest

Pacific Crest has reiterated an Overweight rating on Microsoft Corporation (NASDAQ:MSFT) stock, with a 12- month target price (TP) of $55, after it spoke to 20 Microsoft re-sellers in the US and the UK. The firm maintained its bullish stance on the stock, as it believes that the software giant is on track for its upcoming quarter.