Davenport Upgrades Microsoft (MSFT) to Buy; Improved PC demand in the U.S. and China
MSFT Hot Sheet
Rating Summary:28 Buy, 13 Hold, 0 Sell
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Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Davenport upgrades Microsoft (NASDAQ: MSFT) from Neutral to Buy. Price target $24.
Davenport analyst says, "Given improved PC unit demand in the U.S. and China and potential inventory restocking in Europe, we raised Microsoft’s fiscal 2009 EPS estimate from $1.70 to $1.75 (the consensus estimate is $1.74) and our fiscal 2010 estimate from $1.80 to $1.91, inline with the consensus estimate. We raised our fiscal 2009 revenue estimate from $60.9 to $61.2 billion (the consensus estimate is $60.84 billion) and our fiscal 2010 estimate from $61.7 to $62.4 billion, representing 1.9% growth (the consensus estimate is $61.8 billion). In January, we lowered Microsoft’s rating from Buy to Neutral due to the company’s limited demand visibility (Microsoft suspended its 2009 guidance)."
To see more analyst ratings on MSFT Click Here.
Microsoft Corporation develops, manufactures, licenses and supports a range of software products for computing devices.
Davenport analyst says, "Given improved PC unit demand in the U.S. and China and potential inventory restocking in Europe, we raised Microsoft’s fiscal 2009 EPS estimate from $1.70 to $1.75 (the consensus estimate is $1.74) and our fiscal 2010 estimate from $1.80 to $1.91, inline with the consensus estimate. We raised our fiscal 2009 revenue estimate from $60.9 to $61.2 billion (the consensus estimate is $60.84 billion) and our fiscal 2010 estimate from $61.7 to $62.4 billion, representing 1.9% growth (the consensus estimate is $61.8 billion). In January, we lowered Microsoft’s rating from Buy to Neutral due to the company’s limited demand visibility (Microsoft suspended its 2009 guidance)."
To see more analyst ratings on MSFT Click Here.
Microsoft Corporation develops, manufactures, licenses and supports a range of software products for computing devices.
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