Guggenheim is getting more pessimistic about Microsoft stock on the risk of a slowing global economy.
On Tuesday, analyst John DiFucci lowered his rating on software giant Microsoft (ticker:
MSFT
) to Sell from Neutral, and established a new price target of $212. He said the firm saw a deterioration in demand for software from corporations and small businesses, according to his checks.
Source: https://www.barrons.com/articles/microsoft-stock-downgrade-pc-51673976968?siteid=yhoof2&yptr=yahoo
Sell Microsoft Stock. The Software Giant Is Facing a Bad Economy, Says Analyst.
Guggenheim is getting more pessimistic about Microsoft stock on the risk of a slowing global economy.
On Tuesday, analyst John DiFucci lowered his rating on software giant Microsoft (ticker:
MSFT
) to Sell from Neutral, and established a new price target of $212. He said the firm saw a deterioration in demand for software from corporations and small businesses, according to his checks.
Source: https://www.barrons.com/articles/microsoft-stock-downgrade-pc-51673976968?siteid=yhoof2&yptr=yahoo