Microsoft downgraded to Accumulate from Buy at Phillip Securities

Phillip Securities downgraded Microsoft (MSFT) to Accumulate from Buy with an unchanged price target of $480. The firm cites the recent price performance for the downgrade. The analyst believes Microsoft is well positioned to benefit from the rising demand for large artificial intelligence models,” boosting Azure’s appeal and driving incremental revenue.” Further, Microsoft remains less impacted by tariffs, as its growth is driven by cloud-based offerings and supported by a broad base of enterprise customers, the analyst tells investors in a research note.