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Analysts’ Actions: Computing Giant Microsoft Is Upgraded With Higher Price Target

July 13, 2023
in Trade Tube
Reading Time: 1 min read
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In Wednesday’s Analysts’ Actions, we highlight higher ratings on Microsoft Corp (MSFT) and Kimberly-Clark (KMB), but a downgrade for Humana Inc (HUM). Microsoft was upgraded by analysts at Deutsche Bank to BUY from HOLD with a higher price target of $55. The firm believes the slower PC market sentiment is already priced into the stock. Similarly, Kimberly-Clark was upgraded to OVERWEIGHT from EQUAL WEIGHT by analysts at Barclays. The firm also increased its price target by a couple of bucks. Analysts noted the stock is trading at a discount to its peers. And finally, Humana was downgraded to UNDERPERFORM from NEUTRAL at Sterne Agee. The firm slashed its price target, saying there is a lower chance of the company being acquired. TheStreet’s Kurumi Fukushima reports in New York.

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