Software giant Microsoft Corporation (
) on Friday received some additional bullish commentary from
anlaysts at Nomura Securities.
The firm maintained its "Buy" rating on MSFT as well as its $37
price target, which suggests a 15% upside to the stock's Thursday
closing price of $32.12.
A Nomura analyst commented, "Meeting Tami Reller, the head of
marketing and CFO of the Windows and Windows Live Division at
Microsoft. Microsoft will not be adding back the Start Button. They
will add a tutorial to show keyboard/mouse users the new commands
that they need to orient themselves with in the new OS. We have not
seen the controversy on the touch (Metro) side, and this is where
all the industry growth will come. Our next look at the product
will be the Release Candidate (
), which we have expected by June, followed by the Release to
) in late July or August, and finally the release to General
) in September or October."
Microsoft shares rose 20 cents, or +0.6%, in premarket trading
The Bottom Line
Shares of Microsoft (
) have a 2.49% dividend yield, based on last night's closing stock
price of $32.12. 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 (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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