The Latest Breaking News from Wolfe Research

 

 

 

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Wolfe Research has decided to maintain its Outperform rating of Microsoft (NASDAQ:MSFT) and raise its price target from $330.00 to $350.00. Shares of Microsoft are trading up 5.63% over the last 24 hours, at $285.43 per share.

Wolfe Research analyst Alex Zukin initiated coverage of Snowflake (NYSE:SNOW) with an Outperform rating and a $250 price target.  The price target implies a 33.8% upside. Zukin saw the potential for Snowflake "to become the 4th hyperscaler" after Amazon.com Inc (NASDAQ:AMZN), Amazon Web Services, Microsoft Corp's (NASDAQ:MSFT) Azure, and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Cloud. Zukin saw Snowflake growing…

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Wolfe Research downgraded its rating of Kinder Morgan (NYSE:KMI) to Underperform with a price target of $18.00, changing its price target from $17.00 to $18.00. Shares of Kinder Morgan are trading down 1.08% over the last 24 hours, at $19.27 per share.