Nomura Equity Research reported on Wednesday that it has
reaffirmed both its rating and its price target for software
company, Microsoft Corporation(
The firm has maintained its "Buy" rating and $37 price target
for MSFT. This price target suggests a 27% increase over the
stock's current price of $27.06.
An analyst from the firm commented, "directionally, declining
traditional PC units seems to have had a lot of press and may be
largely discounted in Microsoft's stock as investors have been
pessimistic on anything PC-related, but Street estimates still
appear too high. We have reduced estimates about 4% to reflect
recent PC data points out of Asia and the presumption that
traditional PC units are in secular decline and the ramp of Windows
8 needs some time."
Microsoft shares were mostly flat during Wednesday morning
trading. The stock is up 4.35% YTD.
The Bottom Line
Shares of Microsoft (
) have a 3.40% dividend yield, based on last night's closing stock
price of $27.08. The stock has technical support in the $25-$26
price area. If the shares can firm up, we see overhead resistance
around the $29-$30 price levels.
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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