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Oppenheimer becomes the latest Microsoft (MSFT +1.6%) bull to raise its PT as shares continue...

Oppenheimer becomes the latest Microsoft (MSFT +1.6%) bull to raise its PT as shares continue their spring rally: the firm has lifted its target to $39 from $34, and has also raised estimates. Meanwhile, activist investor ValueAct, fresh off taking a $2B stake, has been given FTC clearance for an undisclosed transaction between the firm and Microsoft. Nomura (Buy) thinks ValueAct, which prefers to do its activist work behind the scenes, is "likely approaching Microsoft’s largest shareholders and may be gaining their support for a Board seat."
Comments (3)
  • A link to the FTC clearance filing would be appreciated if you have it - I can't find it anywhere.

     

    Thanks in advance!
    7 Jun 2013, 01:26 PM Reply Like
  • They didn't have the guts to say SELL when MS is above their prior price target.
    7 Jun 2013, 01:43 PM Reply Like
  • Of course they had to up the PT from $34 to $39, since stock now stands >$35. Once it pushes past $39, expect another PT upping. Talk about lowballing!
    8 Jun 2013, 08:11 PM Reply Like
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