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UBS upgraded Microsoft (NASDAQ:MSFT) to Buy from Neutral and raised its price target to $400.00 from $345.00 given evidence of stabilizing cloud infrastructure spending, positive near-term AI catalysts, and an attractive valuation.
According to the bank, Azure/AWS is stabilizing after a significant slowdown last year. While the overall market conditions remain challenging, the firm suggests that the worst may be behind us, as their checks indicate the backdrop is no longer deteriorating, as well as partners reported a gradual recovery in new bookings discussions.
Northland Capital Markets upgraded Plug Power (NASDAQ:PLUG) to Outperform from Market Perform with a price target of $22.00, as reported in real time on InvestingPro.
The firm expressed confidence that Plug Power is now on a clear trajectory toward cash flow generation, with increasing momentum evident in each new deal announcement. The firm anticipates that Plug Power will achieve margin break-even by the end of the year and generate cash flow in the following year.
Goldman Sachs upgraded Baidu (NASDAQ:BIDU) to Conviction Buy from Buy and raised its price target to $197.00 from $183.00.
Argus upgraded General Mills (NYSE:GIS) to Buy from Hold with a price target of $90.00, noting that the leader in the packaged food industry is well positioned to leverage its brands and grow margins.
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