Microsoft price target raised to $175 from $160 at Stifel. Stifel analyst Brad Reback raised his price target for Microsoft to $175 from $160 and keeps a Buy rating on the shares ahead of the company's fiscal Q2 results on January 29. The stock closed Friday up 93 cents to $167.10.

Channel checks point to an overall healthy IT spending environment, says the analyst, who sees upside to his earnings per share estimate of $1.32 and revenue estimate of $35.68B. Further, Microsoft's comps generally ease in Q2, although comps generally get harder in Q3, Reback tells investors in a pre-earnings research note. The analyst believes double digit revenue, operating income and free cash flow growth is sustainable for Microsoft in fiscal 2020 and beyond. He remains a buyer of the stock and expects near-term gains to be "incremental given the sheer size of the company."