Jefferies Starts Microsoft (MSFT) at Hold; Gearing Up for Post-PC Battle

Jefferies initiates coverage on Microsoft (NASDAQ: MSFT) with a Hold. PT $35.00.

Analyst, Ross MacMillan, said, "Microsoft is at a critical juncture as it tries to establish renewed relevance in consumer devices while also transitioning to deliver more cloud services across the portfolio. Despite low expectations and an undemanding valuation, we think W8 could underwhelm. If we are wrong and the company demonstrates new consumer relevance, we think we can revisit the stock given the multi-year opportunity that could afford."

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 $30.78 yesterday.

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