Market Overview

MKM Cuts Target on Microsoft to $28 Amid 'Challenging Start' for Win8, Surface

Share:
Related MSFT
What Is A 'Best Of Breed' Stock?
The Old Four Horsemen Are Riding High
Can 20 Financial Ratios Measure A Company's Moat Just Like Morningstar? Update (Seeking Alpha)

MKM Partners' Israel Hernandez reduced his price target on Microsoft (NASDAQ: MSFT) from $32 to $28 Wednesday morning. The analyst maintains a Neutral rating.

The analyst's lowered target is based on in-store checks which suggest Windows 8 and the Surface are "off to a challenging start." Hernandez lowered his FY13 Surface shipments estimate from 4.5 million to 3.3 million and his FY14 shipment estimate from 10 million to just 6.6 million.

Latest Ratings for MSFT

DateFirmActionFromTo
Jan 2017Tigress FinancialUpgradesNeutralBuy
Jan 2017Wells FargoInitiates Coverage OnOutperform
Dec 2016PiperJaffrayInitiates Coverage OnOverweight

View More Analyst Ratings for MSFT
View the Latest Analyst Ratings

Posted-In: Analyst Color Price Target Analyst Ratings

 

Related Articles (MSFT)

View Comments and Join the Discussion!