SmarTrend(R) News Watch: Microsoft Price Targets Raised at Collins Stewart and Deutsche Bank
Mon. June 29, 2009; Posted: 09:05 AM
Jun 29, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- Collins Stewart is maintaining Microsoft (NASDAQ:MSFT) as its 'Top Pick' and is raising its price target to $30. The firm believes that the bad news on Microsoft is behind them and that the shares will rise due to the onslaught of upcoming good news related to the launch of Windows7, the revenues associated with Windows7, and the success in cost cutting initiatives. In separate news, Deutsche Bank is reiterating its Buy rating with at $30 price target on the shares. Deutsche Bank does not believe that the revenues associated with Windows7 are priced into Microsoft stock.
Write to Chip Brian at cbrian@tradethetrend.com
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