UPDATE: Nomura Reiterates on Microsoft on Good Potential Going Forward
In a report published Wednesday, Nomura analyst Rick Sherlund reiterated a Buy rating on Microsoft (NASDAQ: MSFT), and raised the price target from $40.00 to $45.00.
In the report, Nomura noted, “We believe many investors are effectively being caught ‘off sides' on Microsoft, still focusing on what could go wrong with the fundamentals, rather than what could go right with new management and likely changes in cost structure, disposition of money losing consumer businesses Bing and Xbox, corporate governance changes and financial engineering potentially extracting a lot more value out of the current assets. The harder issue will be repositioning the product portfolio to address faster growth opportunities for the enterprise cloud businesses and what it means to deliver innovative new consumer productivity products. We share our thoughts and why the reorganization may be counterproductive to innovation.”
Microsoft closed on Tuesday at $36.64.
Latest Ratings for MSFT
|Oct 2016||William Blair||Upgrades||Market Perform||Outperform|
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