Standpoint Research Upgrades Microsoft (MSFT) to Buy
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Price: $408.65 -0.49%
Rating Summary:
57 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
57 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Standpoint Research upgraded Microsoft (NASDAQ: MSFT) from Hold to Buy with a $29 price target.
The firm notes, "We closed out MSFT on January 7, 2011 with an 18.75% gain and 510 bps gain versus the S&P-500. It is not easy to beat a rising market with a low beta name, but we did it late last year with this name. MSFT shares have underperformed the S&P by more than 2000 bps since our downgrade and can be reinstated at this time. MSFT ranked # 3 out of 500 names according to our 155-variable computer model in the S&P-500 report that went out yesterday and the shares are now trading back down where they were when we made the September 2010 recommendation."
For more ratings news on Microsoft click here and for the rating history of Microsoft click here.
Shares of Microsoft closed at $24.43 yesterday.
The firm notes, "We closed out MSFT on January 7, 2011 with an 18.75% gain and 510 bps gain versus the S&P-500. It is not easy to beat a rising market with a low beta name, but we did it late last year with this name. MSFT shares have underperformed the S&P by more than 2000 bps since our downgrade and can be reinstated at this time. MSFT ranked # 3 out of 500 names according to our 155-variable computer model in the S&P-500 report that went out yesterday and the shares are now trading back down where they were when we made the September 2010 recommendation."
For more ratings news on Microsoft click here and for the rating history of Microsoft click here.
Shares of Microsoft closed at $24.43 yesterday.
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