Barclays Maintains an 'Equalweight' on Microsoft (MSFT); Several New Launches Add Positive View to FY13
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Price: $34.59 --0%
Rating Summary:
22 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 19
Rating Summary:
22 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 19
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Barclays maintains an 'Equalweight' on Microsoft (NASDAQ: MSFT) price target raised from $29 to $33.
Analyst, Raimo Lenschow, said, "We continue to see an opportunity for Microsoft in the coming months. Besides the excitement around the Windows 8 launch later this year, there are also signs that Office 15 could launch in Q1 CY2013, in effect resulting in two large product cycles within one financial year (FY2013). We believe neither event is yet captured in Street models and hence could continue to improve sentiment around the name."
"While FY2013 could be a large year for Microsoft, we still believe the structural concerns are not resolved and hence maintain our Equal Weight rating."
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
Shares of Microsoft closed at $30.77 yesterday, with a 52 week range of $23.65-$30.80.
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Analyst, Raimo Lenschow, said, "We continue to see an opportunity for Microsoft in the coming months. Besides the excitement around the Windows 8 launch later this year, there are also signs that Office 15 could launch in Q1 CY2013, in effect resulting in two large product cycles within one financial year (FY2013). We believe neither event is yet captured in Street models and hence could continue to improve sentiment around the name."
"While FY2013 could be a large year for Microsoft, we still believe the structural concerns are not resolved and hence maintain our Equal Weight rating."
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
Shares of Microsoft closed at $30.77 yesterday, with a 52 week range of $23.65-$30.80.
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