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Microsoft ‘screens better than most’ in CIO survey, says Morgan Stanley

Morgan Stanley analyst Keith Weiss said the firm’s CIO survey suggests continued IT spending moderation, adding that budget growth and an unfavorable up-to-down budget revision expectation create a challenging backdrop into 2023. Still, Microsoft "screens better than most" as a share gainer benefitting from vendor consolidation and its strong positioning addressing CIO priorities, Weiss tells investors. He maintains an Overweight rating and $307 price target on Microsoft shares.

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