Collins Stewart analysts Sandeep Aggarwal and Stan Velikov reiterated their Buy rating and price target of $38 for shares of Microsoft Corporation (Nasdaq: MSFT) after getting a look at the software giant's new mobile phone operating system.
There was some surprise when Nokia Corp. (NYSE: NOK), the worlds largest mobile phone company, failed to introduce any new devices at the Mobile World Congress in Barcelona, which is the wireless telecom industry's biggest annual event.
Two analysts who follow Adobe Systems Inc. (Nasdaq: ADBE) raised their ratings for the software maker's stock today.
Jefferies & Co. analyst Ross MacMillan raised his rating of Adobe Systems from Hold to Buy.
Analysts at Stifel Nicolaus maintained their Hold rating for Barnes & Noble, Inc. (NYSE: BKS).
The analysts said that although it looked more likely that Yucaipa Investments would be successful in a takeover bid, this perception was already seen in the stock's price when it surged in after hours trading.