Hilliard Lyons Lifts Target on Microsoft (MSFT) to $37 Amid Upcoming Windows 8 Launch
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Price: $34.98 -0.06%
Rating Summary:
22 Buy, 21 Hold, 1 Sell
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Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
22 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
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Hilliard Lyons' Stephen Turner boosted his price target on shares of Microsoft (NASDAQ: MSFT) from $31 to $37 Monday. The analyst reiterated a Buy rating on the stock.
The analyst is getting a little more bullish amid what he expects to be a strong release of Windows 8. Turner said "Windows 8 has the ability to integrate multiple device types through the operating system including PCs, Ultrabooks and mobile devices." Turner also noted integration with Xbox, Bing, and/or the Office suite.
The Hilliard analyst lifted his FY12 EPS estimate from $2.64 to $2.68 and his FY13 estimate from $2.87 to $2.95. The Street is currently expecting FY12 EPS of $2.69 and FY13 EPS of $3.01.
With Microsoft shares down almost 1 percent to $32.30 at last check, Turner's new price target represents potential upside of about 15 percent.
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
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The analyst is getting a little more bullish amid what he expects to be a strong release of Windows 8. Turner said "Windows 8 has the ability to integrate multiple device types through the operating system including PCs, Ultrabooks and mobile devices." Turner also noted integration with Xbox, Bing, and/or the Office suite.
The Hilliard analyst lifted his FY12 EPS estimate from $2.64 to $2.68 and his FY13 estimate from $2.87 to $2.95. The Street is currently expecting FY12 EPS of $2.69 and FY13 EPS of $3.01.
With Microsoft shares down almost 1 percent to $32.30 at last check, Turner's new price target represents potential upside of about 15 percent.
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
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