Bank of America Says Structural Issues Could Pressure Microsoft's EPS Next 2-3 Years
On Thursday, Bank of America released some bearish comments on Microsoft (NASDAQ: MSFT). Analyst Kash Rangan believes “structural issues could still pressure EPS growth in the next 2-3 years.”
Microsoft Office on iOS is a “positive” move, but Google's QuickOffice is a contender “on the rise,” Rangan said.
The transition to cloud appears more “defensive and value-neutral,” said the analyst. Rangan's analysis shows “Office 365/Azure are neutral to value creation and potentially negative to its Server & Tool biz.”
Shares of Microsoft are down 0.5 percent to $39.58 in Thursday's trading.
Latest Ratings for MSFT
|Sep 2014||MKM Partners||Initiates Coverage on||Buy|
|Jul 2014||Pacific Crest||Upgrades||Sector Perform||Outperform|
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