NEW YORK (TheStreet) -- Shares of Microsoft Corp  (MSFT) are higher by 1.48% to $48.05 in early market trading Wednesday, after analysts at Deutsche Bank upgraded the company to "buy" from "hold" this morning.

The firm also raised its price target for Microsoft shares to $55 from $44, saying weak PC market sentiment is already priced into the stock at current levels.

Deutsche analysts added that they see more positive than negative catalysts, noting new investor enthusiasm for the computing giant's Azure and Office 365 products.

Redmond, Wash.-based Microsoft is engaged in developing, licensing and supporting a range of software products and services.

The company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software.

In addition, Microsoft develops video game consoles and digital music entertainment devices.

Separately, TheStreet Ratings team rates MICROSOFT CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICROSOFT CORP (MSFT) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow."

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