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$MJN expects to deliver $75-80MM of savings in 2016, an increase of $15-20MM vs. the original 2016 target. Taking into account the $20MM of savings in 2015, cumulative savings by the end of 2016 are expected to be around $95-100MM. The company is also expects an incremental $60MM of cost savings opportunities by 2018.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.