Why Microsoft Stock Slumped by 5% on Thursday
No matter the how strong their business, software stocks as a group are taking a real clobbering these days. On Thursday this rout continued, and it claimed some of the biggest names in the segment. One was (NASDAQ: MSFT), which saw its shares decline by nearly 5% that trading session. The negative sentiment on software titles was exacerbated by an analyst's downgrade.
Well before market open that morning, Stifel's Brad Reback changed his recommendation on Microsoft stock. He's now convinced it's only a hold, where previously he had flagged it as a buy. This was accompanied by a significant price target reduction to $392 per share from $540.
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Source Fool.com
Microsoft Corp. Aktie
432,35 €
-0,27 %
Mit 150 Buy-Einschätzungen und nur 4 Sell-Einschätzungen ist Microsoft Corp. einer der Lieblinge unserere Community.
Für Microsoft Corp. ergibt sich ein leicht positives Potenzial, angesichts eines Kursziels von 500 € im Vergleich zu 432.35 €.
