Deutsche Bank Reiterates a 'Buy' on Microsoft (MSFT); PC Headwinds Persist

Deutsche Bank reiterates a 'Buy' on Microsoft (NASDAQ: MSFT) price target of $31.00.

Deutsche analyst says, "MSFT reported F2Q12 earnings with revenues missing expectations, but EPS exceeding estimates. The miss in revenues was mostly driven by weaker than expected Windows revenues of $4.74b, down 6% y/y. However, given the stock reaction in the after market, buyside expectations were probably lower than street estimates. The weak PC revenues were a combination of PC headwinds, supply chain issues and inventory drawdown. We believe that multiple product launches this year are a catalyst and will help drive growth."

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 $28.12 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery