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News Breaks | | | | March 5, 2013 | | 10:49 EDT |  | MSTR | MicroStrategy jumps following FBR upgrade
Software maker MicroStrategy (MSTR) is rising after FBR Capital analyst David Hilal upgraded the stock to Outperform from Market Perform in a note to investors earlier today. Recent changes in MicroStrategy's sales management team, along with its new cloud-based products, are likely to cause its growth to accelerate, Hilal believes. Meanwhile, the company's margins are poised to accelerate and the stock's valuation is attractive, he added. The analyst set a $140 price target on the shares, which jumped 8% to $111 in mid-morning trading. | |
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