Stay focused - dont sell cheap - remember:-8 Dec 2020 15:34
BUZZ – Micro Focus: Jumps as GS upgrades to 'buy' on 'significant value'
* Shares of British IT company jump ~16% to 498p as Goldman Sachs upgrades rating to "buy" from "neutral"
* Stock top gainer on UK's FTSE mid-cap index
* GS nearly doubles its price target to 650p from 335p, a 51% upside to stock's last closing price
* Brokerage says co's FY20 trading update indicates that moderation in rate of revenue decline is on the horizon
* MCRO has surged ~83% since issuing a better-than-expected FY outlook on Nov. 18...
* GS says MCRO shares offer "significant value" and are likely to benefit from a rotation into value stocks, should the business momentum stabilize
* Also encouraged by moderating rate of maintenance declines and solid cash generation profile of t