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Microsoft Estimates Lowered at Bank of America (MSFT)

By
December 4th, 2012

Microsoft Estimates Lowered at Bank of America (MSFT)

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Bank of America/Merrill Lynch reported on Tuesday that they have reduced their estimates for software company, Microsoft Corporation(MSFT).

Analysts from the firm reported that they have lowered their estimates for MSFT, giving the company a price target of $35, with a rating of “Buy.” This price target suggests a 24% increase over the stock’s current price of $26.50.

The firm has lowered estimates due to a decline in PC demand.

Microsoft shares were mostly flat during premarket trading Tuesday. The stock is up 1.81% YTD.

The Bottom Line
Shares of Microsoft (MSFT) have a 3.48% dividend yield, based on last night’s closing stock price of $26.43. The stock has technical support in the $24-$25 price area. If the shares can firm up, we see overhead resistance around the $28-$30 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.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.