Microsoft price target raised to $325 from $280 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on Microsoft (MSFT) to $325 from $280 and keeps a Buy rating on the shares. The analyst cites the company’s "impressive leap forward" for Bing search and Edge browser that gives it a lead over Google Search (GOOGL) and Chrome. DA Davidson contends that Bing disrupting Google Search will be the first great impact of the Artificial Intelligence revolution.