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Microsoft (MSFT) Presents Halo 5 and Announces Backward Compatibility for Xbox at E3; Nomura Securities Reiterates Buy

June 16, 2015 9:47 AM EDT

Nomura Securities reiterated its Buy rating and $55 price target on Microsoft (Nasdaq: MSFT) following the software giant's presentations at E3 on Monday.

Along with Microsoft announcing of Halo 5 (expected to be released October 27th) at E3, the company's Xbox One gaming console will add backward compatibility for Xbox 360 games. About 100 titles will be playable by holiday season... More