Market Overview

Nomura Equity Research Reiterates Buy Rating, $37 PT on Microsoft Corporation

Related MSFT
Weekly Highlights: iPad Sales Expectations, Microsoft's VR Gaming Plans And More
VirnetX Gains 17% On Settlement Vs. Microsoft
Digital Currencies Fuel Crime on Deep Web (Fox Business)

In a report published Wednesday, Nomura Equity Research reiterated its Buy rating and $37.00 price target on Microsoft Corporation (NASDAQ: MSFT).

Nomura Equity noted, “Directionally, declining traditional PC units seems to have had a lot of press and may be largely discounted in Microsoft's stock as investors have been pessimistic on anything PC-related, but Street estimates still appear too high. We have reduced estimates about 4% to reflect recent PC data points out of Asia and the presumption that traditional PC units are in secular decline and the ramp of Windows 8 needs some time.”

Microsoft Corporation closed on Tuesday at $27.08.

Latest Ratings for MSFT

DateFirmActionFromTo
Dec 2014Bank of AmericaDowngradesNeutralUnderperform
Dec 2014Piper JaffrayInitiates Coverage onOverweight
Nov 2014JefferiesInitiates Coverage onUnderperform

View More Analyst Ratings for MSFT
View the Latest Analyst Ratings

Posted-In: Nomura Equity ResearchAnalyst Color Reiteration Analyst Ratings

 

Related Articles (MSFT)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional