Shareholder-Driven Changes to Drive Microsoft (MSFT) Stock Higher - Nomura
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Price: $409.06 +0.37%
Rating Summary:
52 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
52 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Nomura Securities analyst Rick Sherlund boosted his price target on Microsoft (NASDAQ: MSFT) from $32 to $38 but stopped short of upgrading the stock and maintained a Neutral rating. Sherlund cited potential upcoming changes, driven by frustrated shareholders.
The analyst comments, "Fundamentals are still challenging in the core Windows business; although we still think fundamentals may look somewhat better in the second half. The key to the stock, we think, is likely to shift beyond fundamentals to the potential to realize greater shareholder value."
He continued, "We think there is likely to be a more substantive catalyst for change than we have seen previously in the history of the company, and there may be a more receptive group of frustrated shareholders to leverage in an effort to drive greater realization of shareholder value at Microsoft."
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 $34.27 yesterday.
The analyst comments, "Fundamentals are still challenging in the core Windows business; although we still think fundamentals may look somewhat better in the second half. The key to the stock, we think, is likely to shift beyond fundamentals to the potential to realize greater shareholder value."
He continued, "We think there is likely to be a more substantive catalyst for change than we have seen previously in the history of the company, and there may be a more receptive group of frustrated shareholders to leverage in an effort to drive greater realization of shareholder value at Microsoft."
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 $34.27 yesterday.
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