MSFT’s New CFO May Retain Most of the Financial Discipline and Cost Management Initiatives

Yun Kim of Broadpoint.Amtech reiterated her “buy” rating on Microsoft Corporation (NASDAQ: MSFT). The target price for MSFT is set to $33.

MSFT said that its CFO Chris Liddell will be leaving the company at year end to pursue better opportunities and he will be succeeded by the current CFO of MSFT's Business Division, Peter Klein. Broadpoint.Amtech does not expect this news to impact MSFT’s share price as the new CFO is likely to retain several of the financial discipline and cost management initiatives.

Broadpoint.Amtech expects consumer PC demand to remain robust in the near term. The corporate PC refresh is likely to act as an additional catalyst for the demand in the forthcoming years, which would benefit Microsoft.