First it was gold and now it is Microsoft Corp. (NASDAQ: MSFT). Gold took a pounding yesterday when Goldman Sachs Group Inc. (NYSE: GS) said it is time to sell gold. Now it is Microsoft’s turn in the barrel. The software and tech giant just got some serious caution issued against the company ahead of the company releasing its third-quarter earnings report, as Goldman Sachs lowered its already cautious Neutral rating down to Sell.
Goldman Sachs also lowered its price target to $27 from $30. If Goldman Sachs is right, then Microsoft shares are being set up for a 10% fall. In our own poll ahead of earnings season, some 65% of the respondents said that Apple Inc. (NASDAQ: AAPL) would respond better to earnings season than Microsoft, with only 35% of the votes. Maybe that is insight, or maybe that poll is investors…
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