Wall St firm downgrades MSFT from Overweight to Equalweight
MS Analyst, Adam H0lt, downgraded Microsoft from Overweight to Equal-Weight and removed his price target. The stock is far too cheap, has multiple non PC drivers, and an attractive 3.5% dividend yield. However, Windows 8 is disappointing, the PC market will remain weak for awhile, and margins are likely capped. As such, the stock is likely range-bound.