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In a note out today, Goldman Sachs reiterated a buy rating and $29 on Microsoft
MSFT, the world's largest software maker. That price target implies decent upside from current levels.
“While the overall tone of the meetings was positive (with our view that the market underestimates the Microsoft Business Division (MBD) and Server & Tools segments), we continue to stay on the sidelines with a Neutral rating as 1) we see the stock trading in a fairly narrow trading range as the market awaits more information regarding developer momentum and
available price points of Windows 8 devices, and 2) we believe consensus FY2012 EPS estimates remain too high,” Goldman said in the note.
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Posted In: Analyst ColorNewsPrice TargetReiterationIntraday UpdateMarketsAnalyst RatingsTechTrading Ideas
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