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J.P. Morgan Reiterates Neutral on Microsoft Corporation Ahead of Company Analyst Day

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In a report published Wednesday, J.P. Morgan analyst John DiFucci reiterated a Neutral rating and $30.00 price target on Microsoft Corporation (NASDAQ: MSFT).

In the report, J.P. Morgan noted, “Before the market open on Tuesday, MSFT announced a moderate increase to its quarterly dividend that was in line to slightly better than expected while replacing its existing share buyback program with one of equal size. With the company's capital return plan set, together with other recent announcements, we believe the only significant catalyst remaining for MSFT is the company's Analyst Day on September 19, at which time we think the company is likely to guide the Street down on FY14 EPS.”

Microsoft Corporation closed on Tuesday at $32.93.

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: J.P. Morgan John DiFucciAnalyst Color Reiteration Analyst Ratings

 

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