Nomura Securities maintains a 'Buy' on Microsoft (MSFT); Update From BUILD Developers’ Conference
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Price: $480.35 -3.04%
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Nomura Securities maintains a 'Buy' on Microsoft (NASDAQ: MSFT) price target of $32.00.
Nomura analyst says, "We were impressed with Microsoft’s repositioning initiatives for Windows and Server businesses and believe they will be significant in enabling the company to address tablet and touch capabilities and new cloud-based services. However, investors will need to be patient when waiting for Microsoft’s repositioning. It is our belief that Windows 8 will not be on the market for a year. We expect a dividend announcement over the next week, following the company’s Board meeting, the timing of which is not publicly disclosed. No change to our estimates."
For more ratings news on Microsoft click here and for the rating history of Microsoft click here.
Shares of Microsoft closed at $26.50 yesterday.
Nomura analyst says, "We were impressed with Microsoft’s repositioning initiatives for Windows and Server businesses and believe they will be significant in enabling the company to address tablet and touch capabilities and new cloud-based services. However, investors will need to be patient when waiting for Microsoft’s repositioning. It is our belief that Windows 8 will not be on the market for a year. We expect a dividend announcement over the next week, following the company’s Board meeting, the timing of which is not publicly disclosed. No change to our estimates."
For more ratings news on Microsoft click here and for the rating history of Microsoft click here.
Shares of Microsoft closed at $26.50 yesterday.
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