Nomura Securities Maintains a 'Buy' on Microsoft (MSFT); Gartner Revised its PC Forecast, Suggesting HDD Constraints Likely Less Impactful

Nomura Securities maintains a 'Buy' on Microsoft (NASDAQ: MSFT) price target of $37.00.

Analyst, Rick Sherlund, said, "We continue to rate shares of Microsoft Buy ahead of fiscal (June) 2013, where we expect to see four significant product launches in Microsoft’s three most profitable divisions. We view the valuation as favorable, trading at 10x our CY’12 earnings estimate ex cash and 9x EV to uFCF. We have made no change to our estimates."

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 $31.56 yesterday.

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