Piper Jaffray Names Microsoft As Top Pick For 2015

Katherine Egbert named Microsoft Corporation MSFT as a top pick for 2015, despite a strong run-up in shares throughout 2014.

According to Egbert, Microsoft's business and consumer PC shipments declines will stabilize to a low-single digit in the coming year.

Microsoft will also see gross margin improvements in 2015 driven by revenue growth and improving cost structures (and cost controls) for Xbox, Surface Pro, Lumia phones and cloud-related services.

Sharers traded recently at $47.27, down 0.27 percent.