Morgan Stanley analyst Keith Weiss lowered the firm’s price target on Microsoft (MSFT) to $472 from $530 and keeps an Overweight rating on the shares. A “wall of worry” around macro and micro demand impacts dominate the conversation and leave investor sentiment negative, the analyst says. However, even after the firm’s “proactive cuts” to estimates as negative revisions loom on the horizon, the valuation looks “attractive” for what it calls “a long-term GenAI winner.”
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