Nomura analyst Rick Sherlund writes today in a note to clients, “After a lengthy 16-month period of multiple expansion for Microsoft’s stock, we see a tougher transition ahead, and move to the sidelines.”
Sherlund has cut his rating to Neutral with the price target lowered to $50 from $56.
Citi has cut Microsoft from “Neutral” to to “Sell.” JPMorgan has downgraded Microsoft to “Neutral” and cut their target price to $47 from $53. MKM Parters has downgraded to Neutral.
In premarket reading, shares of beleaguered Microsoft shares are down over 10 percent.
MacDailyNews Take: This is what failure looks like.
As we explained almost exactly one year ago, just before Nadella was officially named Microsoft CEO:
It’s tough, if not impossible, to deliver the type of change Microsoft needs when you’re a lifer. 🙂
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