A roundup of tech analyst ratings changes

Microsoft (MSFT -1.6%) has been cut to Hold by Stifel due to Windows division sales, pricing and spending concerns. Evercore upgraded Microsoft recently on account of Office/Server & Tools optimism.

RetailMeNot (SALE -0.3%) has been assigned 3 bullish and 4 neutral ratings on underwriter coverage day.

Marvell (MRVL +2.8%) has been upgraded to Top Pick from Outperform by RBC ahead of its Aug. 22 FQ2 report.

Constant Contact (CTCT +3.9%) has been upgraded to Buy by Lazard.

Allot (ALLT -1.4%) has been cut to Sector Perform by RBC in the wake of last week's Q2 miss.

E2open (EOPN +0.7%) has been started at Outperform by Northland.

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Comments (1)
  • xrugr
    , contributor
    Comments (74) | Send Message
    Evercore appears to be the more prescient call on Microsoft. The vast majority of Mister Softies earnings (and growing) come from Office/Server and Tools divisions. Any traction from the coming convergence of Windows across multiple form factors (computers/tablets/pho... is just icing on the cake. Sales of the new Xbox could be the cherry on top. Windows and Xbox would have to implode to have an outsized affect on the bottom line.
    13 Aug 2013, 12:02 PM Reply Like
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