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Microsoft’s Target, Estimates Boosted at Morgan Stanley (MSFT)

By Dividend.com March 22, 2012, 09:23:10 AM EDT

Software giant Microsoft Corporation ( MSFT ) on Thursday caught some positive commentary from analysts at Morgan Stanley.

The firm maintained its "Overweight" rating on MSFT and lifted its price target to $37, suggesting a 16% upside to the stock's Wednesday closing price of $31.91. Morgan Stanley also boosted its earnings estimates for the company through 2014, noting its new Office product should help drive earnings growth.

Microsoft shares, which have surged nearly 23% year-to-date, posted small losses in premarket trading Thursday.

The Bottom Line
Shares of Microsoft ( MSFT ) have a 2.51% dividend yield, based on last night's closing stock price of $31.91. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $34-$36 range.

Microsoft Corporation ( MSFT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: MSFT



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