Microsoft’s Acquisition Presents Risk and 3 Other Research Notes to Discover

Microsoft (NASDAQ:MSFT): Morgan Stanley downgraded Microsoft to Equal Weight from Overweight. The analyst said Microsoft’s purchase of Nokia’s devices and services unit is a long-term opportunity but also a risk, and the firm believes investors may not give much near-term credit on execution ability given the addition of 32,000 employees.

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eBay (NASDAQ:EBAY): Wedbush added eBay to its Best Ideas List based on expectations that PayPal will continue to take digital wallet market share and that Marketplace will reaccelerate into the fourth quarter. The shares are rated Outperform with a $64 price target.

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Facebook (NASDAQ:FB): RW Baird raised its price target on Facebook to $50 from $36 following mid-quarter checks. The firm cited stabilized ad pricing, increasing ad coverage, and an increase in application installs and video ads for its decision, maintaining an Outperform rating on the shares.

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Discover (NYSE:DFS): Stifel expects Discover’s stock to advance. The firm thinks investors will become more aware of the company’s network and industry-leading lending fundamentals. The firm expects the company to beat consensus estimates going forward and recommends buying the shares at current levels.

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