Nomura Securities Maintains a 'Buy' on Microsoft (MSFT); Windows Phone 8 Developer Summit Update
Tweet
Share
E-mailGet Alerts MSFT Hot Sheet
Price: $495.40 -0.3%
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on Microsoft (NASDAQ: MSFT) price target of $37.00.
Analyst, Rick Sherlund, said, "MSFT made several announcements focused on the strategic direction of the phone platform and its integration with Windows 8. What we heard was broadly positive and in line with our previous comments. Our industry sources tell us that MSFT may be working with a contract manufacturer to develop their own handset for Windows Phone 8 (WP8). We would not be surprised if MSFT was to decide to bring its own handset to market next year given that the company has decided to bring to market its own Windows 8 tablet/PC products. Risk/reward is favorable at 7.5x CY’13E EPS ex. $5.35 in net cash (tax-affected for repatriation) and 7.2x EV to uFCF."
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 $30.93 yesterday.
Analyst, Rick Sherlund, said, "MSFT made several announcements focused on the strategic direction of the phone platform and its integration with Windows 8. What we heard was broadly positive and in line with our previous comments. Our industry sources tell us that MSFT may be working with a contract manufacturer to develop their own handset for Windows Phone 8 (WP8). We would not be surprised if MSFT was to decide to bring its own handset to market next year given that the company has decided to bring to market its own Windows 8 tablet/PC products. Risk/reward is favorable at 7.5x CY’13E EPS ex. $5.35 in net cash (tax-affected for repatriation) and 7.2x EV to uFCF."
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 $30.93 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Active options: MSFT PLTR AMD AMZN MRVL META HOOD SKHY RIOT ONDS
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- Mizuho TMT specialist names top software pick into year-end
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
