Nomura Securities Maintains a 'Buy' on Microsoft (MSFT); Microsoft & Ultrabooks

Nomura Securities maintains a 'Buy' on Microsoft (NASDAQ: MSFT) price target of $32.00.

Nomura analyst, Rick Sherlund, said, "Microsoft and Intel (Nasdaq: INTC) demonstrated first-generation Ultrabooks in their events on Monday, leading up to the kick-off of CES on Tuesday in Las Vegas. Intel indicated that it expects 30-50 Ultrabooks to be out by this week, with over 75 Ultrabook designs underway. Intel seemed to imply that Ultrabook Touch devices might be introduced with Windows 7 even before the launch of Windows 8, which is sub-optimal, but might help bridge a product transition. We maintain our Buy rating and continue to like the stock at 8x calendar 2012E earnings ex-cash. We are buyers ahead of what we see as an inflection point in the stock’s sentiment."

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 $27.74 yesterday.

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