Microsoft in spotlight as Freedom ups price target after strong results, guidance

[Microsoft Korea building (The Twin Towers K), Seoul, South Korea] * Microsoft (MSFT [https://seekingalpha.com/symbol/MSFT]) was in the spotlight on Friday as Freedom Capital upped its price target on the tech giant to $625 from $500 after it reported stronger-than-expected results and guidance this week. * Shares fell fractionally in premarket trading. * “Microsoft delivered a clean beat and an above-consensus guide, with engineering efficiency rather than new capacity driving Azure's re-acceleration to 48%,” Freedom analyst Egor Tolmachev wrote in a note to clients.