April 25, 2013 at 20:58 PM EDT
Microsoft: McAdams Cuts to Hold; Surface, Lower Windows Sales Crimp Profit
Sid Parakh of McAdams Right Ragen this afternoon cut his rating on shares of Microsoft (MSFT) to Hold from Buy, and trims his price target to $34 from $36, writing that while the stock is “attractively valued” at 10.6 times his fiscal ’14 estimates, and the company’s enterprise software sales are “solid,” and Microsoft’s cloud [...]
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