Microsoft price target raised to $350 from $285 at Credit Suisse

Credit Suisse analyst Sami Badri raised the firm’s price target on Microsoft to $350 from $285 and keeps an Outperform rating on the shares following quarterly results. The firm notes Microsoft reported both revenue and EPS above consensus, with PBP and IC reporting better-than-expected results and MPC relatively in-line, as cloud optimization headwinds from Q2 continued, while PC demand was slightly better-than-expected.