Список проголосовавших за комментарий " Microsoft: Color on Quarter (64.27)<ul><li><strong>Citigroup upgraded to Neutral from Sell.</strong></li><li><strong>RBC Capital Mkts raises their MSFT tgt to $71 from $65</strong> on higher estimates. MSFT beat F2Q17 expectations and guided above (!) RBC/ Street on revs/ EPS for F3Q17. The pieces are falling into place as thwy are starting to see an important shift in the model, with improving profitability in growth segments. This provides confidence in durability of earnings growth.</li><li><strong>Stifel raises tgt to $68 from $66</strong>. Overall, this quarter continues to reinforce their bullish thesis, namely that Microsoft 1) is well positioned around its Commercial Cloud (Office 365 and Azure) and that cloud profits and cash flow should inflect this year, 2) will continue strong expense discipline even while investing in higher growth and differentiated areas, and 3) newer products will continue scaling leading to gross profit and operating income growth, and ultimately FCF growth, in coming years. Given this backdrop, along with shareholder-friendly activities (>$14B in annual dividends/buybacks; ~2.4% dividend yield), they remain Buyers.</li><li><strong>BMO raises tgt to $71 from $69</strong>. They believe MSFT had a very strong quarter on many metrics. Their key focus remains on growth of operating income dollars, and MSFT's consolidated operating income grew by 11% y/y in CC excluding LinkedIn vs. their estimates (which did not include LinkedIn) of 10% y/y growth. Lowering estimates for LNKD. Since mid-2016, MSFT has been designated as our top pick. At the turn of the new year, we added Adobe (ADBE, $114.25, Outperform) as their co-top pick. Given more limited upside for MSFT, they are <strong>taking MSFT off their top pick designation and leaving ADBE.</strong></li><li><strong>MSFT +1.8% at all time highs premarket.</strong></li></ul>"