Microsoft (MSFT) Looks to Shrink Its Tablet Problem...Literally
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Credit Agricole Downgrades Microsoft (MSFT) to Outperform
April 12, 2013 7:26 AM EDTCredit Agricole downgraded Microsoft (NASDAQ: MSFT) from Buy to Outperform with a price target of $34.00 (from $36.00).
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 $28.94 yesterday, with a 52 week range of $26.26-$32.89.... More
HP (HPQ) Declines, PC Bear Says He Wasn't Bearish Enough
April 11, 2013 10:36 AM EDTShares of Hewlett-Packard (NYSE: HPQ) opened lower on Thursday, a decline tied to an IDC report that showed a steep drop in Q1 PC sales. The report showed HP's units were down 24 percent year-over-year and Dell (Nasdaq: DELL) units down 11 percent, while... More
Nomura Securities Downgrades Microsoft (MSFT) to Neutral, Stock Still OK For Value Investors
April 11, 2013 8:20 AM EDTNomura Securities downgraded Microsoft (Nasdaq: MSFT) from Buy to Neutral with a price target of $32. Data yesterday pointed to an 11 to 14 percent decline in Q1 PC sales. This coupled with the stock's recent run above $30 per share has analyst Rick Sherlund moving to the... More
Goldman Cuts Microsoft (MSFT) to Sell; PC, Tablet/Smartphone Issues Too Large to Ignore
April 11, 2013 6:52 AM EDTGoldman Sachs cut its rating on Microsoft (Nasdaq: MSFT) from Neutral to Sell on Thursday and trimmed its price target from $30 down to $27, citing worsening PC trends and lack of traction in smartphones and tablets.
Goldman commented that its hardware team updated its PC and tablet forecast on April 2, 2013 and is "now expecting PC market share to decline from 73% in 2012 to 65% in 2013 and 59% in 2014." The outlook indicates faster erosion than the team's prior forecast for "PC market share of 67% in 2013 and 63% in 2014."
Microsoft's management team is likely to stick with Windows 8... More
