One Factor Driving Microsoft (MSFT) Stock Up Today

NEW YORK (TheStreet) -- Microsoft  (MSFT) rose slightly on Monday amid reports that the tech giant could release a smaller version of its Surface tablet this summer to combat Apple's  (AAPL) iPad Mini.

Business Insider reports the Surface Mini is back in production after previous rumors said it would launch in May or June. But Microsoft unveiled a bigger 12-inch Surface Pro 3 tablet at its latest press event in May.

The company's current plans for a miniature tablet are not quite clear, but Taiwanese publication Digitimes said Microsoft had stopped the Surface Mini project because of sales concerns.

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The stock was up 0.65% to $42.07 at 2:15 p.m.

Separately, TheStreet Ratings team rates MICROSOFT CORP as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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