More from Dividend.com
Referenced Stocks

Nomura Stays Bullish on Microsoft Ahead of Monday’s “Major Announcement” (MSFT)

By Dividend.com,  June 15, 2012, 09:29:05 AM EDT

Software superpower Microsoft Corporation ( MSFT ) on Friday caught some continued bullish support from analysts at Nomura Securities.

The firm maintained its "Buy" rating on MSFT and $37 price target, which suggests a solid 26% upside to the stock's Thursday closing price of $29.34.

A Nomura analyst commented, "Microsoft has sent invitations to the press and analysts for a 'major' announcement Monday to take place in Los Angeles late in the day (June 18). No details were given about what the event may entail, but we believe it will be product related. We will be in LA and covering the event. We think the risk/reward is favorable at 7.0x CY13E earnings excluding $5.35 in net cash (tax-affected for repatriation) and 6.7x EV to uFCF."

Microsoft shares posted modest gains in premarket trading Friday.

The Bottom Line
Shares of Microsoft ( MSFT ) have a 2.73% dividend yield, based on last night's closing stock price of $29.34. The stock has technical support in the $26-$27 price area. If the shares can firm up, we see overhead resistance around the $31-$32 price levels.

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



Latest News Video

Why Did UK Inflation Rate Fall?
Why Did UK Inflation Rate Fall?     
North Korea Says Making Efforts to Contain Bird Flu
North Korea Says Making Efforts to ...
China Factory Blast Kills at Least 13
China Factory Blast Kills at Least ...
Riots Plague Stockholm District
Riots Plague Stockholm District     


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.51 0.08  0.60%
RAD $ 2.80 0.01  0.36%
CSCO $ 23.94 0.30  1.24%
MSFT $ 35.06 0.19  0.54%
WCRX $ 19.60 0.39  2.03%
SIRI $ 3.49 0.01  0.29%
FB $ 25.76 0.49  1.87%
S $ 7.29 0.03  0.41%