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Fly News Breaks for January 30, 2017
LNKD, MSFT
Jan 30, 2017 | 07:31 EDT
Following another "solid quarter," Oppenheimer analyst Timothy Horan says Microsoft (MSFT) has proven it can execute on its mobile hybrid cloud strategy, and believes new product introductions and increased intelligent functionality throughout its cloud software portfolio will lead to accelerating growth on both the top and bottom lines through 2019. Further, the analyst believes upside is likely to come from LinkedIn (LNKD) integration. He reiterates an Outperform rating and $70 price target on Microsoft's shares.
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