Nomura Securities Reiterates Buy on Microsoft (MSFT) Ahead of Windows 10 Release
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Rating Summary:
52 Buy, 7 Hold, 0 Sell
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Up: 13 | Down: 11 | New: 11
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Nomura Securities reiterates a Buy rating and $55.00 price target on Microsoft (NASDAQ: MSFT) despite weak PC sales and Revenue and EPS estimates that are set to fall. Analyst Frederick Grieb believes that the market is aware of the impact from weak PC sales and accounting for Windows 10. Windows 10 is set to be released on July 29th.
Grieb commented, "Despite weak PC sales and Revenue and EPS estimates that are set to fall due to new accounting for the Windows business, we remain positive on Microsoft. We believe the market is well aware of the impact from weak PC sales and the new accounting for Windows 10, which results in greater revenue deferrals, but will have no impact to the cash flows of the business."
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 $45.62 yesterday.
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