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Why Microsoft Stock Beat the Market on Monday

TheMotleyFool

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Why Microsoft Stock Beat the Market on Monday: https://g.foolcdn.com/editorial/images/720651/finger-about-to-press-a-green-dollar-sign-key-on-a-pc-keyboard.jpg

On Monday, two fresh analyst takes on Microsoft (NASDAQ: MSFT) made the stock a winner. The storied tech-company's share price climbed 3.1% higher, nearly three times the percentage gain of the S&P 500 index on the day.

The first take was published by Stifel's Brad Reback. Shortly before the market opened, he lifted his Microsoft price target to $290 per share from $275. Reback maintained his buy recommendation on the tech-giant's shares.

The reasoning behind the new take wasn't immediately apparent. However, Reback wasn't the only analyst expressing a bullish opinion about Microsoft on the first day of the week.

Source Fool.com

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