Jefferies Starts Microsoft (MSFT) at Hold; Gearing Up for Post-PC Battle
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Price: $34.30 -0.9%
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
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Jefferies initiates coverage on Microsoft (NASDAQ: MSFT) with a Hold. PT $35.00.
Analyst, Ross MacMillan, said, "Microsoft is at a critical juncture as it tries to establish renewed relevance in consumer devices while also transitioning to deliver more cloud services across the portfolio. Despite low expectations and an undemanding valuation, we think W8 could underwhelm. If we are wrong and the company demonstrates new consumer relevance, we think we can revisit the stock given the multi-year opportunity that could afford."
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 $30.78 yesterday, with a 52 week range of $24.26-$32.95.
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Analyst, Ross MacMillan, said, "Microsoft is at a critical juncture as it tries to establish renewed relevance in consumer devices while also transitioning to deliver more cloud services across the portfolio. Despite low expectations and an undemanding valuation, we think W8 could underwhelm. If we are wrong and the company demonstrates new consumer relevance, we think we can revisit the stock given the multi-year opportunity that could afford."
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 $30.78 yesterday, with a 52 week range of $24.26-$32.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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