Microsoft Corporation (MSFT), Intel Corporation (INTC), Tech Stocks: The Wind Beneath the Dow (.DJI)’s Wings

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International Business Machines Corp. (NYSE:IBM) is the tech laggard today, though the company is up 1.34% as of this writing. Analysts at UBS AG (USA) (NYSE:UBS) upgraded the company today from neutral to buy, with a $25 bump to its target price, now set at $235. The upgrade was due to the belief that IBM is well positioned for the coming computing transition: With integrated vendors, the transition will be relatively smooth; the majority of new computing will be cloud-based, which is an IBM strength; and the company’s hosting capabilities plus OpenStack support will be helpful as computing continues to evolve.

The article Tech Stocks: The Wind Beneath the Dow’s Wings originally appeared on Fool.com.

Fool contributor Jessica Alling has no position in any stocks mentioned, but you can contact her here. The Motley Fool recommends Cisco Systems (NASDAQ:CSCO) and Intel. The Motley Fool owns shares of Intel, International Business Machines (NYSE:IBM)., and Microsoft.

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