- Nomura's Rick Sherlund, a staunch Microsoft (MSFT) bull, has raised his PT to $45 (a Street high) from $40, and thinks the company could produce FY15 (ends June '15) EPS of $3.80 (far above a $2.92 consensus) thanks to new management, cost cuts, the shedding of the Xbox and Bing units, and changes to Microsoft's capital structure.
- Sherlund also deems it "likely" Alan Mulally, just reported to be on Microsoft's CEO shortlist, will be named Steve Ballmer's replacement by December, and thinks the software giant might decide to repurchase Ballmer's $12B stake.
- Shares +1.5% premarket to new multi-year highs.
- Previous: Sherlund sees Nokia unit diluting Microsoft's EPS into FY15
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