Sinofsky Departure May Suggest Win 8 Not Meeting Internal Expectations - MKM
MKM Partners analyst Israel Hernandez believes news of Microsoft's (NASDAQ: MSFT) Steven Sinofsky departing is a "clear negative for the stock." Hernandez said the timing of the departure could indicate Windows 8 and/or the Surface may not be meeting internal expectations. The analyst noted Sinofsky was at one point thought to be the lead candidate to replace Steve Ballmer.
Latest Ratings for MSFT
|Feb 2016||Hilliard Lyons||Downgrades||Long-term Buy||Neutral|
|Jan 2016||Credit Suisse||Maintains||Outperform|
|Jan 2016||Morgan Stanley||Upgrades||Equal-weight||Overweight|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.