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Microsoft price target lowered to $550 from $600 at Scotiabank

Scotiabank analyst Patrick Colville lowered the firm’s price target on Microsoft (MSFT) to $550 from $600 and keeps an Outperform rating on the shares. Results from Q3 were healthy, but the “full speed ahead” Q4 guidance and “all systems go” for FY27 targets were the main highlights, the analyst tells investors.

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