Raymond James Downgrades Microsoft (MSFT) to Market Perform
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July 19, 2013 9:32 AM EDT
Deutsche Bank today maintained a Hold rating on Microsoft (NASDAQ: MSFT) with a modified price target of $34.00 (from $35.00). Share of Microsoft declined after the close Thursday following disappointing Q4 result. In the view of analyst Nandan Amladi, PC weakness remains a key concern.
"While bulls will... More
July 19, 2013 9:12 AM EDT
Goldman Sachs today maintained a Sell rating on Microsoft (NASDAQ: MSFT) and lowered its price target to $28.00 (from $30.00). Shares declined Thursday after Microsoft reported dissappointing Q4 results. In the view of Goldman, more pain is just around the corner.
Commenting, analyst Heather... More
July 19, 2013 8:15 AM EDT
Nomura Securities analyst Rick Sherlund weighed in on Microsoft (NASDAQ: MSFT) following results after the close. The analsyt maintained a Neutral rating and price target of $38, saying the move to services and devices is off to a bad start.
"Over the past quarter, investors have looked past the declining PC... More
July 19, 2013 7:18 AM EDT
Cowen downgraded Microsoft (NASDAQ: MSFT) from Outperform to Market Perform with a price target of $33.00 (from $38.00).
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 $35.44 yesterday, with a 52 week range of $26.26-$36.43.... More
July 18, 2013 4:05 PM EDT
Microsoft Corp. (NASDAQ: MSFT) reported Q4 EPS of $0.66, $0.09 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $19.9 billion versus the consensus estimate of $20.73 billion.
Microsoft is revising operating expense guidance downward to $31.3 billion to $31.9 billion for the full fiscal year ending June 30, 2014.
"While... More
