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Goldman Sachs upgrades Microsoft stock and admits, “We were wrong’
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In a rare mea culpa from Wall Street, analysts from Goldman Sachs this morning upgraded Microsoft stock from “sell” to “neutral” — acknowledging that they “failed to appreciate” that the Redmond company’s share price would defy lower earnings expectations thanks to promising signs in the company’s cloud computing business. “We were wrong,” wrote Goldman Sachs analyst...
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